What is a Schedule of Dilapidations?
A Schedule of Dilapidations is a report documenting defects, disrepair, and the general condition of a property, relating them to the lease covenants to identify any breaches of the lease.
Types of Schedules
- Interim Schedule: Conducted during the lease term to spot-check property conditions and ensure tenant compliance with lease covenants.
- Terminal Schedule: Prepared as the lease nears its end, identifying necessary repairs before the tenant vacates.
- Final Schedule: Created after tenants have vacated, detailing breaches and necessary work to reinstate the property.
Who Commissions the Schedule?
Typically, the landlord commissions a Schedule of Dilapidations. This report provides them with essential information on property conditions and lease covenant breaches, which tenants are responsible for addressing.
Our Services
We can represent either the tenant or the landlord, but not both simultaneously. Our services include:
- For Landlords: Formulating a Schedule to serve on tenants, and liaising with the tenant's surveyor to negotiate a settlement.
- For Tenants: Responding to a Schedule served against them, assessing the validity of claims, and negotiating to reduce the final cost of the claim.
Benefits for Landlords
- Interim Schedule: Ensures ongoing compliance and maintenance during the lease.
- Terminal Schedule: Identifies necessary repairs before the lease ends, giving tenants a chance to address them.
- Final Schedule: Facilitates financial settlements for remedying breaches after tenants vacate.
Benefits for Tenants
When served with a large dilapidations claim upon lease termination or expiry, we assess and challenge the claim's validity, often reducing the final cost.
Contact Us
For more information about our proactive approach to formulating and agreeing a Schedule of Dilapidations, you can contact us today on 01323 739183, by filling in the form below or by emailing us at info@southdownsurveyors.com.
We look forward to hearing from you soon.
