We all know about building surveys on residential property and all agree that it would be foolish to make the biggest personal purchase of our lives without the benefit of a full inspection by a Chartered Surveyor first.
What about commercial properties? You, or the Company, take on stringent repairing obligations and liabilities, often called “full repairing obligations”, that are effectively the same as owning your own house.
The cost of repairs to the building can be very substantial let alone disruptive to your business while the repairs are being carried out.
Avoid this situation by having a building survey carried out before you commit yourself to the acquisition.
This involves a detailed inspection of the building with a concise, effective, report that highlights the quality of construction, serious current defects, current maintenance standards and the expected deterioration of the fabric.
The survey advises you on your future liabilities and will enable you make a balanced decision on the acquisition and whether or not those liabilities need to be taken into consideration in your acquisition negotiations.
Whether you are acquiring retail, office or industrial premises a building survey makes sense.
Harding Chartered Surveyors have many years’ experience in providing building surveys acting on behalf of both purchasers and tenants and can give authoritative and concise advice.