End of Lease Rectification Works
Dilapidations occur primarily at the end of a lease. “Tenants enter commercial leases agreeing to keep premises in repair; if they do not, the law of dilapidations applies. Landlords have the ability to serve a schedule of dilapidations on a tenant either during or more commonly a the end of the lease, itemising the breaches of covenant. Remedies for the landlord will be for the tenant to undertake the specified works or for them to seek to recover from the tenant the cost of making good the repair.“
When faced with a schedule of dilapidations we can provide a full range of services to both landlords and tenants. The dilapidations works could call for considerable internal and external refurbishment work to restore the premises to their original condition and layout.
On a lesser scale it might just be redecoration and general repairs to complete a dilapidation schedule. Dilapidation issues affect landlords and tenants alike especially upon lease termination. Potential dilapidations should be considered carefully at the start of the lease otherwise the cost of discharging any leasehold obligations at the end of the term could be significant for the tenant.
The landlord will naturally expect the value of their asset not to have depreciated over the term of the lease due to a lack of maintenance by the tenant or due to internal and external alterations that affect the asset value or affect the rentable value of their property.
A key part of our role is to understand the full scope of the works that the client requires and to ensure that the works are carried out effectively and quickly with minimal disruption. We are always conscious of cost and we will deliver within budget and on time. We will work around our clients’ needs and often do work outside of normal working hours.