What is a Dilapidation Survey?

What are leasehold dilapidations?

When there is a lease agreement between a landlord and tenant for the commercial occupation of accommodation, for example offices, a warehouse, retail or commercial operations, the lease will contain covenants, amongst others, in respect of how a tenant must maintain a property during their occupation and give it back (yield up) at lease end (termination).

Lease agreements (if complied with) should result in the premises being in the same condition both before and after the lease. Otherwise there are financial obligations for the landlord and for the tenant.

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Click here for information regarding office dilapidations.

This usually relates to repairs, decorations, tenant’s fixtures and statutory requirements and if complied with should result in the premises at lease end being in the same condition as it was before the lease.

If not complied with it is a breach of the lease obligations which has financial implications for the landlord and for the tenant.

If you are a landlord who intends to enforce the terms of the lease or you are a tenant who is unsure how to exit a lease or have received a schedule of dilapidations, Metcalfe Briggs Surveyors has the knowledge and experience to advise on the available strategies to meet your objectives.

 

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