Schedule Of Condition
Know Your Liabilities Before You Sign On The Dotted Line.
When you are taking a commercial property lease for the first time or renewing an existing lease, you are signing a contract committing you to be responsible for the general upkeep and overall maintenance of a property – both during and at the end of your tenancy.
This seems reasonable, but if you are unaware of how healthy (or not!) the building is at the start of your occupation, not only it can be bad news, it can also be extremely costly.
Total Peace Of Mind
But this does not have to be the case by working with the expert team here at Newman Webb to create a Schedule of Condition prior to entering into occupation of the property. You will have total peace of mind, knowing that your liabilities are limited to only future repairs needed instead of financially tying you to any defects caused by the outgoing tenant long before you sign on the dotted line.
Having a Schedule of Condition at the end of your lease as a reference point should help limit your repairing liabilities and potentially save you thousands in yielding up works should you be served with a Schedule of Dilapidations at the end of your lease.
How We Can Help
Carry out a thorough inspection of the property, highlighting any immediate defects and establish the associated costs to put them right.
Develop a detailed report outlining the construction of the building outlining the location and nature of all items inspected
Identify and record any future defects that might need attention.
Create either a photographic Schedule of Condition or a descriptive Schedule of Condition as required.