Case studies

Dilapidations

A commercial property lease describes the obligations placed on the tenant in keeping the property in good repair and decorative condition throughout the lease term.

When acquiring property, under a new lease or by assignment it is essential that the exit liabilities are carefully considered and that financial provision is made. A detailed schedule of condition can serve to protect the interest of an ingoing tenant by limiting the extent of work that can be claimed on expiry. In some cases the tenant may be better placed by taking a capital contribution from the landlord or insisting that the landlord puts the property into good repair from the outset.

We are able to advise at each critical stage of entering into a lease and towards the end of the lease as a terminal schedule of dilapidations. We provide the best solution on behalf of our clients through the process of negotiation.

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Paul Burnett MRICS

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