Schedules of dilapidations have become increasing important in the current market. With a wider choice of premises available, prospective occupiers have become very discerning. Properties must be presented in the best possible condition to achieve lettings.
Landlords are looking to tenants to comply fully with their repairing obligations. Landlords have thus become more assiduous in enforcing repairing covenants at lease end and also during the tenancy via interim schedules.
Tenants vacating premises wish to minimise relocation/closure costs. Where properties have been sublet liabilities can sometimes be passed on. When tenants are breaking leases, full compliance with repairing obligations are likely to be of critical importance.
Section 18 of the Landlord & Tenant Act 1927 can result in a cap in the level of damages or, in some cases, complete negation of the landlord’s claim.
It is essential that specialist advice is obtained from surveyors with building cost and valuation expertise. Allied’s team of surveyors has the required range of skills and experience, whether acting for landlords or tenants, to undertake the following:
- Preparation of schedules of dilapidations
- Interpreting lease clauses
- Estimating costs of work
- Tendering works
- Negotiating Scott schedules
- Preparing Sec 18 valuations (diminution valuations)
- Works supervision
- Expert Witness
Schedules of condition recording the state of premises at the outset of leases can be important to protect the interests of both parties.
Photographic and/or description schedule can be provided and negotiated if necessary.
In new leases we advise to ensure the repairing covenants are clearly understood and fair to our clients.
Leader: Julian Spencer
or telephone Julian Spencer on 01743 231800