In Bristol, our experienced Bristol Commercial Building Surveyors undertake Schedules of Dilapidations.
A schedule of dilapidations is a report, which is served on to a tenant by a landlord either during, towards the end of, or following lease expiry. The reason for a schedule of dilapidations is to set out the various tenant lease obligations that have been breached at the time of lease expiry, and will normally include budget costs for rectifying the breaches.
A schedule of dilapidations is key to starting the dilapidations process and allows all relevant parties to understand the condition of the building and the lease breaches that have occurred. The schedule of dilapidations assists with quantifying the relevant dilapidations liability and starts the negotiation process. The items included in a schedule of dilapidations are often used to assist with negotiating a new lease or assessing the liability when exiting a lease agreement with either the result being a financial settlement and/or one of the parties undertaking the works.
Throughout Bristol, our trustworthy Bristol Commercial Building Surveyors carry out a range of professional Commercial Building Surveying Services including Schedules of Dilapidations. Get in touch with our expert team today.
