Schedules of Dilapidations
Despite the fact that most leases contain a repairing liability, tenants often fail to keep on top of building maintenance and repair works. Over the term of a lease, issues that are ignored can develop in severity, sometimes pertaining to several thousands of pounds worth of repair works by the termination of the lease.
As a landlord, such damage has the potential to wipe out the profits made from leasing the building and may also affect the ability to find a new tenant. It may therefore be necessary to instruct the services of a Chartered Building Surveyor to prepare a Schedule of Dilapidations when the end of a lease term is approaching.
Matthew Parkinson, Chartered Surveyor, has a wealth of experience acting for landlords in this area. Providing a professional and thorough approach, landlords who instruct Matthew do so knowing they will receive a cost-effective service that will ensure their interests are protected.
What is involved in a Schedule of Dilapidations?
The Schedule of Dilapidations involves a review of the Lease and a site visit, where disrepair and damage is assessed. The works required to put right the existing defects and the associated costs are provided in a Schedule, allowing the landlord to then take further action, normally in the form of a dilapidations claim against the tenant.
Landlords who are concerned about the upkeep of their property part way through a Lease may also choose to have an Interim Schedule of Dilapidations prepared.
Where a Schedule of Condition was created at the start of a tenancy, this can be used a starting point on which to base the Schedule of Dilapidations.
Contact Matthew Parkinson, Chartered Surveyor
As Chartered Building Surveyors, Matthew and his colleagues are up to date with the current RICS Guidance Note and is able to produce reports in accordance with the PLA Dilapidations Pre-Action Protocol. To speak to Matthew or a colleague about having a Schedule of Dilapidations prepared in respect of a building in Lancaster, Lancashire, Cumbria or The Lakes, please get in touch.