Dilapidations are accrued repairs and renewals over the period of a lease. At the end of a lease it is important that the property is handed back to the Landlord in the condition set out in the lease or that adequate compensation is made if this is not the case.
A Schedule of Dilapidations must be drawn up by the Landlord’s surveyor that accurately reflects the terms of the lease. This is not just a matter of listing repairs required but involves careful interpretation of not only the lease but also the character, nature, type and use of the building.
Landlords must be sure to include everything to which they are entitled whilst Tenants must be certain that they are not being asked to improve the property or go beyond the requirements of the lease.
Dilapidations claims can be very substantial and require careful handling if they are to be successful.
Harding Chartered Surveyors have many years’ experience in dealing with schedules of dilapidations acting on behalf of both Landlords and Tenants and can give authoritative and concise advice.