Schedules of Condition
Commercial leases often place a responsibility upon the tenant to keep a property in repair regardless of the condition at the beginning of the Lease. However, it may be possible to limit the tenant's liability to handing back the building in no better or worse condition than at commencement by preparing a Schedule of Condition, which is then engrossed in the Lease.
Tenants should consider taking professional advice before committing to a full repairing lease, especially if the property is in poor repair.
Are you about to Let/Rent a property?
Our Chartered Building Surveyors are experienced in the preparation of Schedules of Condition surveys which need to be properly considered and prepared if they are to fulfil the intended purpose.
What does it really mean?
A Schedule of Condition survey is a way for Landlords and Tenants to protect themselves and their interests, by outlining and agreeing the state of a property and any potential repair work which might be needed, at the outset of a letting.
What are the benefits? Read More...
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