Schedule of Dilapidation Reports
Schedules of Dilapidation Reports are
normally commissioned by either landlord or tenant to
protect their interests.
Landlord
The landlord needs to ensure that his property is maintained properly and should ensure proper dilapidations practice by warning tenants in advance of neglect. Any risk to the asset value of the property is thus arrested before a problem becomes extensive.
A final schedule of dilapidations will identify items of disrepair to be made good by the tenant in order to protect the asset value to the landlord at the expiration of the lease. If the tenant has not complied with his obligations, then the schedule can often form the basis of a financial claim by the landlord.
Tenant
Tenants can sometimes face large dilapidations claims by their landlord around the time a lease is about to expire. The tenant may then wish to test the validity of the landlord’s claim, and have it investigated with reference to specification and pricing of works involved, and the scope of repair obligations undertaken by the tenant.
Our surveyors can provide a professional and detailed schedule of dilapidation whether you are landlord or tenant.
Initial advice's are free and without obligation.
