DON’T PAY FOR REPAIRS THAT ARE NOT YOUR RESPONSIBILITY
A Schedule of Dilapidation report is a document outlining any breaches of repairing obligations and other clauses within a lease agreement. It identifies any repairs, redecoration, maintenance, or refurbishment work that a tenant is required to undertake to ensure that the property is returned to the landlord in the condition specified by the lease terms.
DILAPIDATIONS CLAIMS EXPLAINED
A Schedule of Dilapidation is typically a lease 'Interim Schedule of Dilapidation' or prepared at the end of a lease period as a 'Terminal Schedule of Dilapidation'. The repairs identified can be known as a Dilapidations Claim and allow you to outline the repairs your tenant is responsible for before they exit the contract. These will be based on your lease agreement and the original property condition using the Schedule of Condition, if you have one.
WHAT YOU NEED TO KNOW
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As the lease term nears its end, the Landlords Surveyor inspects the property to identify required repairs
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The surveyor creates a report outlining necessary redecoration, repairs, refurbishment, and/or maintenance
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The report is submitted to the tenant, specifying the actions they must take before lease termination
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The tenant can appoint their own surveyor, who will review the dilapidation claim and the lease, advising the tenant, and they can also negotiate and settle the claim on behalf of the tenant.
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The surveyor's expertise will usually significantly reduce the claim
TAKING A PROACTIVE APPROACH TO PROPERTY OWNERSHIP
If you plan to lease property for residential or commercial use, it’s vital that a Schedule of Condition is undertaken before the lease begins. As a comprehensive report that outlines the original condition of the building before entry of the new tenant, this can prove invaluable when raising dilapidations claims.
If you’d like to learn more about the nature of either of these reports, or require advice from our property experts in Liverpool, contact AMS Surveys today.
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