A Schedule of Condition is essential when leasing a property whether you are a tenant or a landlord. Our Schedules are the best not only describing the condition but containing many photographs and providing details of action required. When issues arise in the future when a Dilaps Notice is served our Schedule of Condition provides a record of the property condition and essential when negotiating repairs or settlement figures.
Schedules of Condition
Reasons for having a Schedule of Condition carried out
In years to come you will remember (with a smile, hopefully) what the business was like on day one
Problems can arise
The problem arises where perhaps the original landlord retires or sells the property investment to another company who are much stricter with regard to their dilapidations claims. This may be because when they purchase the property it is purchased at a premium with the incentive by the landlord being that they will be able to serve an Interim Dilapidations Schedule or a Final Dilapidations Schedule to the present lessee / tenant / business owner and get him to bring the property up to modern standards (and we can assure you that this happens). This can be of great benefit before you take on the lease, as it allows you to negotiate for alterations and repairs that have been carried out by the present tenant/lessee that you do not wish to take on responsibility for.