Dec 22, 2014
Dilapidations are often described by some in the sector as ‘a can of worms’ with many tenants being caught out by landlords seeking unexpected financial settlements at the point of lease expiry.
Working with Stuart Neils, your experience of renting office space in London will be easier. Relax in the knowledge we have the expertise to resolve any dilapidation issues that may arise. You don’t need to be become conversant with the Landlord and Tenant Act 1927 because we are !
Property lease management need not be a minefield of expensive surprises. Our specialist London commercial property building surveyor has vast experience of thoroughly investigating every item on the schedule of dilapidations. We are proud of the good track record of making significant savings of behalf of our clients.
Dilapidations liability are a feature of your tenancy and is important to understand as part of your lease management. Understanding your dilapidations liability will require a dilapidation survey in respect of the building that you’ve been occupying. Stuart Neils can support you in navigating these potentially unfamiliar aspects of your search to find an office in London. We can spend more time better understanding the specifics of your lease in confidence.
What is a dilapidation survey?
When a tenant takes a building on a lease term, the lease term sometimes has breaks. In entering into a lease, a tenant will agree a schedule of condition at the outset and this fixes the condition of the property. This is part of the dilapidation survey procedure because the schedule of condition sets the condition of the property at the time from which you occupy. There are tenant obligations which are called covenants which require the tenant to either put, keep and/or yield up the property in good repair. These are legal terms used in lease agreements which are referred to during the course of the lease and at lease expiry.
There are a number of occasions when a tenant may need to consider dilapidations liability; these are predominantly at lease break and lease expiry but also if a landlord serves a ‘wants of repair’ notice. Stuart Neils can support your business to make informed decisions and help to guide you through the various aspects of dilapidations liability.
Contact us today for to discuss your needs in more detail.