We are one of the leading providers of commercial property Dilapidations advice providing impartial expertise to landlords and tenants across the UK
Dilapidations are the costs of restoring a property to its original or pre-let state. Dilaps claims are an important consideration throughout the term of a lease.
They become increasingly important when occupiers are reaching the end of a lease term or considering implementing a break option.
To define dilapidations in practical terms, they represent an exit cost for a tenant at the end of their lease.
The costs are to return the property to its original condition. This will be as set out in the lease, usually to its original pre-let state for instance.
A schedule of dilapidations is presented to the tenant by the landlord towards the end of the lease term, which can often come as an unwelcome surprise.
A dilapidation claim is a common area of dispute between landlords and tenants.
Crucial to understanding the viability and validity of a claim is interpretation of the lease clauses and applying them to the leased property.
Dilapidations Advice Services
We have a highly experienced team in this field preparing:
– Assessments for Financial Reporting Standard 102 (FRS102)
– Advising on lease obligations and lease break options
– Strategic advice on negotiating options; timings and tactics
– Advising whether to undertake the works or agree a financial settlement
– Negotiating claims with landlords and tenants
– Procurement and if appropriate managing the works
– Advising on the application of section 18 Valuations under the Landlord and Tenant Act 1927
– Expert witness and litigation support
As one of the UK’s leading experts on dilapidations, our team of specialist surveyors can provide advice and support to both landlords and tenants when faced with issues involving dilapidations, costs, valuations and legal issues around lease expiry.
We also provide specialist support as expert witnesses to property litigation lawyers.
Further Dilapidations Guidance
For further information on a range of Dilapidations subjects, see our recent articles below :
Also, check out our recent work on Dilapidations at the M58 Business Park
For further information see our Dilapidations Fact Sheet.
For any further help or advice, please call our Enquiry Line on 020 4534 3132, or contact a member of the team direct, details below:
Link: Contact Us
Team members shown:
- Theo Channer
- Alexa Cotterell
- Simon Hill