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Leasehold property is usually subject to strict repairing obligations under the terms of the lease and before entering into any leasehold agreement, it is worth considering what will happen at the end of the lease as part of a dilapidations claim.
If the condition of a property is not accurately recorded prior to the commencement of a lease, you may be at risk of having to remedy defects that existed prior to your occupation. This increases the risk for substantial claims for dilapidations at the end of the lease, as there is no documented evidence relating to the property’s condition prior to the lease being signed.
We have ongoing experience in the preparation of Schedules of Condition prior to entering into a leasehold agreement. The purpose of the schedule is to establish the pre-occupation condition and limit the ingoing tenants repairing liability, reducing the level of a dilapidations claim at the end of the lease.
Our Building Surveyors will undertake a methodical inspection of the building in accordance with the repairing terms of the lease and produce a fully comprehensive schedule, together with supporting photographs and a defect location plan (if so required).