Schedule of Condition
Schedule of Condition by Property Link Chartered Surveyors
At Property Link Chartered Surveyors we have an expert team of fully qualified and highly experienced Surveyors and structural engineers who provide a wealth of commercial property services.
One of the services our professionals offer is a schedule of condition, something that you might need to have completed if you are in the process of leasing a commercial property. Based in Birmingham, our team are widely experienced in completing a schedule of condition property survey in and around the West Midlands area, as well as nationwide.
What is a Schedule of Condition?
If you are leasing a commercial property you may have a clause in your lease stating that you must leave the property in the same or better condition than it was in when you signed the lease, this is called a repairing liability. In this instance, it is highly advised that a schedule of condition be completed on the property and attached to the lease agreement.
There are a number of reasons why you might need a schedule of condition to be completed, but the main reason is to evidence the condition of the property to avoid any later disputes between tenant and landlord.
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Schedule of Condition property survey and report
In order for our Surveyors and structural engineers to complete a schedule of condition, they will need to make an appointment to come out and view the property to complete a schedule of condition commercial lease survey. The survey will determine the condition of the building so that ant existing defects and associated repair cost can be identified prior to any commitment being made. The findings of this survey will be produced into a report which then should be attached to the lease agreement. The schedule of condition is easy to follow and will usually be in the same standardised table format that these reports are usually completed in.
This table typically has three columns, a ‘description’ column, a ‘condition’ column and an ‘action required column’. In addition to notes and comments from a professional, there may also be other evidence, such as photographs and videos, to back-up the comments made. If there is anything you have concerns about, it is advised that you are present when the survey is being completed, so that you can raise these issues with the expert completing your survey.
Why are Schedule of Conditions important?
Schedule of conditions are designed to reduce the potential dilapidation liability by ensuring that there is an accurate record of the condition of the property at the commencement of the lease to refer back to at a later stage. Anyone considering leasing a commercial property will greatly benefit from having had a schedule of condition completed, here are some of these benefits: