Dilapidations represent the ‘exit costs’ for a tenant at the end of their lease. These costs are typically attributed to reinstating the property back into its original, pre-let state and will often involve repairs, redecoration and removal of any alterations or additions installed by the tenant. Normal procedure is for a schedule of dilapidations to be issued to the tenant approaching the lease end outlining the anticipated items that need to be addressed. It is often for disputes to occur and negotiation is often required to reach an agreed settlement.
Squarepoint Chartered Surveyors represent both Landlords and Tenants on dilapidation claims or with strategic advice.
For all tenants, understanding your potential dilapidation liability is key to good business planning. We can undertake an assessment of your likely exposure to enable you to plan as necessary for any costs you may be liable for at the end of your lease. We can then assist you through the dilapidations process which usually begins with the Landlord serving their tenant with a schedule of dilapidations and Quantified Demand. Each claim will be specific to the lease terms that are in place as well as several other factors including the Landlord’s plans for the building.
For all landlords, we can advise you on the level of likely claims you may have against your tenant and produce interim and terminal schedules of dilapidations for service to them. We can then assist with any negotiations and settling of the claim.
Whoever we represent and whatever the scenario we make sure our advice is tailored to suit your requirements. We always act with integrity and clarity with the aim of ensuring you are fully aware of what we assess any potential liabilities or level of claim might be, keeping you updated throughout the process.
For those unfamiliar with dilapidations please see the below link for the RICS guide ‘A clear, impartial guide to Dilapidations’.
RICS Consumer Guide for Dilapidations
Why choose Squarepoint?
With over 20 years of experience in the London property industry, We can take care of all the technicalities and ensure that your project runs as smoothly as possible.
If you’re planning an alteration to your premises, you may find that commissioning a Feasibility Report or Building Survey, or making use of our Architectural Design and Party Wall Surveyor services will set your mind at rest about the success of your project. We also offer complete Commercial Property Project Management, should you wish to hand over the responsibility of your project to an experienced team.
If you have questions about any of our services, or if you would like to book a free consultation with a member of our team, please get in touch. You can call us directly on 0207 651 0000, or complete a form on our contact us page and we will reply as soon as possible.
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