Our dilapidations service serves landlords and tenants of commercial properties.
For landlords, it is often necessary to prepare and serve a Schedule of Dilapidations when the lease is expiring and the current tenant is vacating a property that is in disrepair. For a tenant not renewing a lease we can advise on the potential liability that will arise or when in receipt of a schedule from your landlord.
The dilapidations claim process involves the consideration of the current lease terms, inspection of the property and assessment of likely liability for repair works to be completed. As RICS Registered Valuers, we are also able to undertake “Section 18” valuations. These are necessary as there is a statutory cap on damages, which involves calculating the ‘diminution in value’ of the landlord’s interests that have been affected by breaches of a lease covenant. This all sounds a little bit technical, but needless to say, we excel in this area and walk our clients through the process with ease.