Dilapidation

 

If you are looking at buying or renting commercial property you will need to consider that you will be directly or indirectly responsible for the maintenance of that property. Advice on this before committing to a deal can allow you to negotiate with a better understanding of your future liabilities.

Strengthening demand in the commercial property market has allowed landlords to negotiate longer term leases meaning that tenants need to look closely at the service charge provisions in their lease and the condition of the property to assess what the future costs could be. Consideration should also be given to negotiating a break option for longer lease commitments. Again, advice on this before making a commitment will pay dividends.

We can provide assistance and where necessary, refer you to other property professionals to fully discuss your proposed transaction in the following areas:

  • Building Surveying - for residential and commercial property for purchasers and tenants. Reports on value and of defects and damage. Service reports on electrics, heating, air-conditioning and other services.
  • Dilapidations - advice to tenants and landlords. Negotiation of dilapidations for both interim and end of lease schedules.
  • Schedules of condition - record the condition with description and photographs when taking on a new lease.
  • Reports - on maintenance. Property maintenance and repair, planning for the future.
  • Assessment - of building costs for insurance and reinstatement purposes.
  • Structural engineering - advice on building defects, subsidence and other claims, designing solutions to alteration and refurbishment work.

 




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