As part of our comprehensive range of Dilapidations Assessments, we are most commonly appointed by Tenants approaching the end of their lease term who wish to obtain a detailed understanding of their accrued covenant breaches, the necessary remedial works to reverse the breaches and the likely costs for attending to the necessary remedial works.
This type of Dilapidations Assessment is particularly advantageous where the Landlord has not been forthcoming with any formal Schedule of Dilapidations and the Tenant is keen to attend to the necessary remedial works well ahead of the lease expiry date. This has even greater value where the Tenant is seeking to bring the lease to an end by operating a conditional break clause. From a financial budgeting viewpoint, our End of Lease Dilapidations Assessments provide a detailed cost assessment of the accrued dilapidations liabilities so that a provision can be made in the event a negotiated financial settlement is the preferred method of discharging the liability.
We also take instructions from Landlords who wish to deal with the terminal dilapidations claim informally. To this accord, we provide a costed assessment of the Tenant's end of term liabilities to enable amicable settlement negotaitions between the parties, or as a means of advising the tenant of the compliance works required to be done before the lease expires.
Our End of Lease Dilapidations Assessments also include, where necessary, an assessment of the impact the MEES Regulations may have on any terminal dilapidations liability. This is particularly helpful for Tenants in identifying breaches likely to be nullified by supersession, and also for Landlords in obtaining a realistic overview of what impact the energy efficiency rating of the subject property may have on any residual claim.