Schedules of Dilapidations
A Schedule of Dilapidations is normally prepared on behalf of the Landlord when a Tenant’s lease on a commercial property is coming to an end (Terminal Schedule) or during the term (Interim Schedule).
The purpose of the Schedule is to ensure that the Landlord suffers no loss due to breaches or actions of the Tenant at the end of, or during the term of the lease.
The Schedule of Dilapidations will include details of breaches to the lease, the remedial works and course of action needed to remedy this, required together with costs in order to bring the building back to the original condition.
Our Schedules of Dilapidations are prepared in accordance with the current RICS Guidance Note and the PLA Dilapidations Pre-Action Protocol.
We can also act on behalf of outgoing Tenants assisting them to defend dilapidations claims and negotiating with the Landlord’s surveyor on the agreement of a dilapidations settlement. We are fully aware of all defences that may be available to a Tenant in reducing a claim, adept at negotiating full and final monetary settlements and able to provide tactical advice in terms of an exit strategy from a premises.
We can also review leases, inspect property and prepare a specialist report for a Tenant in advance of their lease end, to establish their potential dilapidations liability, so that the Tenant can budget and plan accordingly, and undertake works to reduce dilapidations liability prior to the end of their occupation.
Related to this, we also prepare detailed Schedules of Condition, on behalf of ingoing Tenants at the start of a Lease term, to record the condition of the property at the outset to provide the Tenant with protection.