Schedule of Dilapidations
DMP were contacted by an existing Client to organise a survey to form a Terminal Dilapidation Schedule, as a tenant’s lease was coming to an end for a retail property in Ashford High Street, Kent.
The Tenant was due to undertake a number of works themselves. To limit the potential works required, via the dilapidation’s clauses, within their lease. DMP stepped in and attended a joint inspection with the Tenant’s representative to agree a schedule of items that would likely be required for repairs or remedial work to satisfy their obligations.
Prior to the Survey, DMP assessed the relevant clauses within the Lease Agreement between landlord and tenant. The Lease had been formed alongside a Schedule of Condition outlining a good understanding of the repair works that were not applicable to the current tenant. Particular clauses within the Lease restricted the Schedule of Works to be undertaken to certain items considered applicable at less than 12 months old.
We attended site and met with the Tenant’s representative. A Schedule of Works to be actioned by the Tenant; was formed. As well as a discussion taking place between both parties regarding observations likely to be found within the Dilapidations Schedule following the site inspection.
A full Terminal Schedule was produced and served upon the Tenant within the same week of the site inspection.
Following the report, a further site inspection was taken out to confirm what works had been carried in conjunction with previous discussions. In conclusion, it was found that a settlement figure would be the most appropriate way to finalise the dilapidation’s requirements.
The DMP Solution
This settlement was agreed, which appeased both tenant and landlord. Thus providing a smooth completion of the ‘Termination of the Lease’ requirements.