The term ‘dilapidations’ can often evoke feelings of uncertainty and financial concerns for both landlords and tenants.
But what is meant by dilapidations, when do they arise and why is expert guidance crucial in navigating these often complex situations?
What are dilapidations?
Dilapidations refers to when a tenant breaches their obligations, as outlined in their lease agreement, concerning the condition of a property.
Generally, this encompasses any disrepair and damage to a property that goes beyond reasonable wear and tear, for which the tenant is typically responsible for according to the terms of their lease.
These obligations can include repairing damage, reinstating alterations made during the tenancy, redecorating the premises, and statutory compliance.
When do claims arise?
When a tenant fails to uphold these responsibilities, particularly towards the end of their lease, the landlord may then pursue a dilapidations claim to recover costs to bring the property back to the condition stipulated in the lease.
What are the benefits of expert guidance?
Navigating claims can be complex and costly. Our expert guidance can help landlords maximise their recovery and tenants minimise their liabilities, saving time and potential legal costs.
Our expertise
Our team, formed of RICS chartered surveyors, has decades of experience in advising clients on their respective responsibilities under a commercial lease. We excel at assessing dilapidations liabilities, devising lease exit strategies, both preparing and defending schedules of dilapidations and ultimately maximising outcomes for our clients through strong reasoned advice and excellent negotiation skills.
Our services include:
- Strategic lease advice.
- Dilapidations liability assessments.
- Lease exit strategy.
- Terminal schedules of dilapidations.
- Interim schedules of dilapidations.
- Advice on conditional breaks.
- Dilapidations disputes.
- Negotiation of claims and financial settlements.
- Portfolio dilapidations management.
- Section 18 (1) guidance.
To find out more about our services and how we can help, please click here: Trident Dilapidations Services.