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Campsie's Commercial Department possesses the depth and breadth of knowledge and experience to offer the complete range of services for your commercial property.
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7. Dilapidations
When a tenant enters a lease, they agree to hand back the property in an agreed standard of repair.
What are Dilapidations?
Dilapidations are the level of disrepair of the building at the expiry of the lease. This can take the form of agreed works or a monetary value.
How can Dilapidations be minimised?
The level of Dilapidations can be minimised by agreeing a schedule of condition at the commencement of the lease. This is a report prepared to record the actual state of the building, element by element to identify the exact standard to which the property must be presented on handback.
When acting for landlords Campsie are able to serve the initial schedule and agree the level of dilapidations.
When acting for tenants Campsie are able to negotiate the level of dilapidations.
If necessary, Campsie can calculate any reduction in building value if the level of damages cannot be agreed.
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