Dilapidations
Both Landlords and Tenants are wise to understand the often significant implications a claim for dilapidations can have on their business. We can advise on this and prepare considered Schedules of Dilapidations in line with the Dilapidations Protocol.
Dilapidations claims can arise at periods determined in your lease and are commonly exercised at termination. Sound assessment of the commercial and legal aspects of the repairing covenants is important to ensure your interests are protected. Furthermore, strong negotiation of any claim with the opposite party’s solicitor, in line with current legal procedures, will limit your financial liability.
A Dilapidations Liability Assessment gives you a good representation of what a potential claim for dilapidations might be in advance of the claim itself arising. Having this powerful information to hand helps to steer business strategy in minimising risk and maximising value. Many Landlords and Tenants are now seeking these assessments, and property investors are also commissioning them as a means of understanding the full commercial considerations of a property acquisition.
Dilapidations claims can arise at periods determined in your lease and are commonly exercised at termination. Sound assessment of the commercial and legal aspects of the repairing covenants is important to ensure your interests are protected. Furthermore, strong negotiation of any claim with the opposite party’s solicitor, in line with current legal procedures, will limit your financial liability.
A Dilapidations Liability Assessment gives you a good representation of what a potential claim for dilapidations might be in advance of the claim itself arising. Having this powerful information to hand helps to steer business strategy in minimising risk and maximising value. Many Landlords and Tenants are now seeking these assessments, and property investors are also commissioning them as a means of understanding the full commercial considerations of a property acquisition.