Schedule of Condition
Schedule of Condition / Dilapidation Report
A Schedule of Condition Report details exactly the existing state or condition of a building prior to a purchase, renting by tenants or a change of ownership. It details the condition and any damage which has already occurred as well as areas likely to give problems in the future. The report also includes photograph illustration recording of the building and all defects/ damage.
Property Link Surveyors will accurately and carefully document the condition of the building to ensure future claims and legal action can be either prevented or where damage has occurred then the claim can be justified.
All reports identify the type of construction and type of damage that is found on a property as well as the building. This includes roadways, driveways, deflection in walls and cracks in brickwork or concrete.
Schedule of Dilapidation
Property Link are able to carry out Schedules of Dilapidation Reports. We will offer professional advice tailored to protect our client’s interest, whether landlord or tenant.
Landlord
The landlord needs to ensure that his property is maintained properly and should ensure proper dilapidations practice by warning tenants in advance of neglect. Any risk to the asset value of the property is thus arrested before a problem becomes extensive. This is best done by the service of an interim schedule of dilapidations which, although more limited than a final schedule, will usually focus the attention of the tenant on existing problems.
A final schedule of dilapidations will identify items of disrepair to be made good by the tenant in order to protect the asset value to the landlord at the expiration of the lease. Where the tenant has not complied with his repairing obligations, the schedule can often form the basis of a financial claim by the landlord.
Tenant
Tenants are sometimes presented with very large dilapidations claims by their landlord at or very near to the expiry of a lease. In such circumstances the validity of the landlord’s claim should be investigated with reference to specification and pricing of works involved and with reference to the scope of repair obligations undertaken by the tenant, with reference to the loss in value of the reversion. When a claim is submitted in good time prior to lease expiry, it is sometimes beneficial for the relevant repair works to be carried out less expensively by the tenant.