DMP were asked to carry out a Schedule of Dilapidations on behalf of a long-existing client, who owns and manages a number of commercial properties as part of a portfolio.
The property, requiring the schedule, was to be re-let. DMP were able to advise on future maintenance requirements and works undertaken by the current tenant, which may enhance this property’s letting potential.
Upon further instruction, DMP arranged a Terminal Dilapidations Schedule to form part of the full-documentation for the end of lease . The tenant, still in situ, had begun to close down operations within the demised areas in light of their upcoming office move. Being aware of their dilapidation liabilities, repair works were in-part being undertaken in accordance with their lease terms.
The lease was an internal repairing only and the demised premises were formed over three floors, accommodating warehouse space to the ground floor and office space to the first and second. The property was located as a corner piece of a purpose built warehouse/office unit, encompassing a number of differing businesses.
Constructed circa 1990, the property was constructed of cavity brickwork, fairfaced with aluminium double glazed windows and warehouse shutter doors to the ground floor, with a pitched roof covering. Stairway access across the three floors was communal and therefore not the liability of the tenant via their lease obligations.
DMP were instructed to form the schedule of dilapidations in a timely manner so as to be sent on wards to the tenant, providing them with the maximum time possible to affect any repairs. The documentation provided included a photographic schedule and a detailing of works required to be carried out for the property to be “made good.”
The DMP Solution
DMP visited the property and created a schedule, noting repairs and maintenance works that were liable to the tenant through their lease. The schedule outlined all works required; with instruction of how they should be actioned and to which clauses of the lease they were applicable.
The schedule also included collated financial information which could then be used by the landlord in discussions on the end of lease agreement with the client.
By the landlord providing DMP’s created Terminal Dilapidations Schedule works prior to the tenant vacating, both parties were able to agree a settlement. This occurring in advance of the Lease closure, making the process more smooth for both sides.