Dilapidations
It is essential that the corporate occupier understands their obligations in this regard, as this is their liability of putting a property back into repair and potentially reinstating tenant's alterations at the termination of a tenancy/ lease. It is also important to understand the difference between dilapidations and re-instatement.
Any related obligations and associated costs can often come as a very unpleasant surprise to a tenant!!
A skilled professional is thus utilised for evaluation of issues that influence the level of dilapidations claims at lease / tenancy expiry.
Any related obligations and associated costs can often come as a very unpleasant surprise to a tenant!!
A skilled professional is thus utilised for evaluation of issues that influence the level of dilapidations claims at lease / tenancy expiry.
Their role includes
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providing initial dilapidations estimates
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arranging a schedule/ survey of dilapidations
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interpreting the lease in relation to dilapidations
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if appropriate arranging for dilapidation works to be undertaken
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advising on the implications of dilapidations legislation including section 18 of the Landlord & Tenant Act 1927
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advising tenants whether to carry out the works within the dilapidations schedule
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advising either landlord or tenant as to the tactics / timings to employ
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negotiating the dilapidations claim
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advising on the Dilapidations Protocol
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preparing Section 18 valuations which can have the effect of significantly reducing a tenant's dilapidations liability