Schedule of Dilapidations

Schedule of Dilapidations

The issue of dilapidations can be a very fraught and expensive area connected with properties held on leases.

Whether you are a landlord or a tenant, if handled incorrectly they can often cost parties a considerable amount of money.

Whilst each party have different requirements early representation by a specialist surveyor is essential.

Landlords

Landlords may commission Schedules of Dilapidations for a number of reasons including:

  • To require a tenant to repair the premises during the term of the lease.
  • To require the premises to be returned in good condition at the end of the lease, or to be adequately compensated for the tenants failure to do so.
  • Other reasons including forfeiture, entry to repair, and break clause situations.

Tenants

If you are a tenant, ensure you consider your dilapidation liabilities early. Costs of dilapidation repairs, decoration and reinstatement works can be a considerable expense to any organisation. If not carried out before the end of the lease, the landlord is often entitled to recover further substantial monies from you, for items such as professional fees, loss of rent, and VAT, all of which could have been reduced or even avoided if as a tenant you had carried out the works yourselves.

Tenants should therefore obtain early advice to determine a strategy for dealing with dilapidations at lease end. Planning for, and effective management of, dilapidations should form part of a tenants decision to renew or vacate and a dilapidations assessment can be carried out to estimate potential liabilities in advance of the end of the lease.

Linchpin Ltd RicsIf you would like to know more about our services or to discuss whether we could help you with a particular matter please contact us by telephone on 0113 3884802, or by e mail on info@linchpinltd.co.uk
Linchpin Ltd, West One, 114 Wellington Street, Leeds, LS1 1BA / The Old Rectory, Thornton in Craven, Skipton, BD23 3TN