Dilapidations

General Practice

Dilapidations

A dilapidation is a legal term referring to leasehold premises and represents a breach of a lease covenant, generally relating to repairing obligations on both the landlord and tenant side. A lease is a very big commitment which should not be entered into without full consideration of your potential future liability.

It is best to discover these issues before the lease is signed (pre-acquisition), although dilapidations advice is also given on an interim or terminal basis. A Schedule of Condition is recommended at the outset to limit future potential liabilities. Some key terms:

  • Pre-acquisition - identify initial and future repairing liability, due diligence, entry and exit strategy
  • Interim - identify ongoing repairing liabilities
  • Terminal - identify repairing liabilities within last 3 years of the lease, considering options and strategies for lease renewal or end
  • Final - identify repairing liabilities at the end of the lease, considering options and strategies for lease renewal or end, negotiation of financial settlement with other party
  • Schedule of Condition - an itemised schedule of each area of the property that can be attached to the lease to record the condition agreed by both parties

Who we act for

  • Landlord
  • Tenants
our approach

our approach

Fisher German would discuss your specific requirements and tailor the inspection and survey report to suit your needs, discussing your current and future demands and identifying liabilities for all parties, providing schedules of condition and negotiating financial settlements.

key contacts

key contacts

Contact one of our team for further information on building surveying services:

01530 410825

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Richard Benson

Richard Benson
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