In Cardiff, our experienced Cardiff Commercial Building Surveyors undertake Schedules of Dilapidations.
A schedule of dilapidations is a document, which is issued on to a tenant by a landlord either during, nearing the end of, or after lease expiry. The purpose of a schedule of dilapidations is to outline the various tenant lease covenants that have been breached at the time of lease expiry, and will typically incorporate budget costs for remediating these breaches.
A schedule of dilapidations is imperative in starting the dilapidations process and enables relevant parties to be aware of the condition of the premises and the lease breaches that have occurred. The schedule of dilapidations assists with assessing the dilapidations liability and enables the negotiation process to commence. The items incorporated into a schedule of dilapidations can sometimes be used to assist with negotiating a new lease or assessing the potential liability when relinquishing a lease agreement with either the result of agreeing a financial settlement and/or one of the parties completing the works.
Throughout Cardiff, our expert Cardiff Commercial Building Surveyors carry out a range of professional Commercial Building Surveying Services including Schedules of Dilapidations. Get in touch with our reliable team today.
