Dilapidations Surveys

Dilapidations Surveys & Schedule of Dilapidations

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Dilapidations Surveys & Schedules

ASL RICS Chartered Surveyors & Valuers

At ASL, our team of chartered surveyors provide RICS dilapidations services for both landlords and tenants. These lie among our commercial building surveys and commercial property valuations.

Whether for small shops or large industrial and office buildings, leases between landlords and tenants outline specific obligations for the repair, maintenance, and decoration of the property.

What is a Dilapidations Survey?

A Dilapidations Survey is a detailed inspection and assessment of a leased property, conducted to document its condition and identify any repairs or maintenance required under the terms of the lease agreement.

This type of survey is typically commissioned by either the landlord or tenant at various stages of the lease term, particularly towards the end or upon lease renewal.

A Dilapidations Survey is an essential tool in managing property leases, as it helps clarify the tenant’s obligations and ensures that the property is maintained to the agreed standard. It also plays a crucial role in avoiding disputes and protecting the interests of both parties at the end of a lease.

Key Components of a Dilapidations Survey

What Is A Schedule of Dilapidations?

A Schedule of Dilapidations is a detailed document compiled following a dilapidations survey, which outlines the condition of a leased property, specifies any repairs or maintenance needed to remedy any issues, and their associated costs.

What Does A Schedule of Dilapidations Include?

Landlord Dilapidations

Dilapidations safeguard landlords by ensuring that tenants adhere to the terms of their lease and return the property in good condition, ready for re-letting.

Benefits of Dilapidations for Landlords

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Tenant Dilapidations

At the end of a lease, tenants are typically responsible for covering the costs associated with their landlord hiring a chartered surveyor to conduct a dilapidations survey and compile a schedule of dilapidations. Tenants are also liable for the expenses required to restore the property to the condition specified in the lease agreement.

Benefits of Dilapidations for Tenants

Different Types of Dilapidations Surveys

By ASL RICS Dilapidations Surveyors

The different categories of dilapidations help landlords manage their properties effectively, ensuring they are maintained and returned in a condition suitable for continued use or re-letting. Dilapidations surveys also help ensure that tenants fulfil their lease obligations and provide a fair basis for any claims related to property condition at the end of the lease term.

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Often conducted at the start of a lease, this survey records the property’s condition at the outset to establish a benchmark for its return condition. This can protect tenants from unjust claims at the end of the lease by clearly documenting the property’s initial state. It helps delineate responsibility for repairs and prevents disputes over pre-existing damage.

Interim Dilapidations

Carried out during the lease term, interim dilapidations surveys assess the current state of the property to ensure compliance with the lease terms. It serves as a proactive measure to maintain the property and manage obligations.

This type of survey can help tenants address issues early, potentially reducing costs and disputes at the end of the lease. In the event of a tenant not maintaining the property as per the lease agreement, an interim dilapidation schedule can be issued to rectify these issues for the landlord, while the lease is still active.

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Reinstatement Survey

If tenants have made alterations or improvements during their tenancy, a reinstatement survey determines what changes need to be undone, restoring the property to its original state, unless otherwise agreed upon. This survey ensures compliance with lease terms that may require the removal of tenant modifications.

Terminal Dilapidations

Terminal dilapidations are conducted at the end of a lease to identify any breaches of the lease terms related to property condition. It involves a thorough assessment of the property to identify any damages or alterations that the tenant needs to address before vacating. The aim is to ensure that the property is returned in a condition that complies with the lease terms, typically “in repair,” “decorated,” and “clean.”

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Final Dilapidations

Final dilapidations involve the final assessment and settlement after the tenant has vacated the property. This determines the financial compensation required from the tenant if they fail to carry out necessary repairs or maintenance as per the lease agreement. It includes the cost of repairs, reinstatement of any alterations made by the tenant, and potentially loss of rent if the property cannot be re-let immediately.

Manage Lease Negotiations Safely & Fairly with ASL

ASL’s team of RICS dilapidations surveyors provide reliable surveys, reports and advise on all aspects of dilapidations.

Our extensive experience in the commercial sectors allows us to minimise dilapidations claims when defending a tenant and maximise settlement returns when acting on behalf of a Landlord.

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Why Choose ASL Chartered Surveyors & Valuers?

Expertise & RICS Certification

Our accreditation, extensive experience, in-depth knowledge of the commercial property market, ensures you receive the highest service with every valuation.

Comprehensive & Transparent Reports

We deliver clear and concise reports providing a complete picture of your commercial property’s condition, value, or life cycle cost analysis.

Accurate & Reliable

ASL deliver comprehensive and precise valuations backed by thorough research and commercial market analysis.

Client-Centric Approach

Your satisfaction is our priority, and we are dedicated to tailoring our valuations to your unique requirements, and answering any questions throughout the valuation process.

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Contact ASL Chartered Surveyors and Valuers today to discuss your dilapidations survey today.

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