BSc (Hons) MRICS
Director, Chartered Surveyor
Schedules of Condition record the condition of a leasehold property at a given point in time. By having this prepared, attached to and cross referenced in a new lease it can protect tenants against becoming liable for pre-existing problems when entering into a new property lease. We can undertake detailed inspections of buildings, producing comprehensive Schedules of Conditions, agree the content of the documents with other parties’ advisors and liaise as necessary with your own solicitors.
A well-prepared schedule of condition can potentially save a tenant thousands of pounds in future years, particularly at the point of lease termination or operation of a lease break whereby a typical lease will require the property to be reinstated and left in repair with landlords usually serving a formal Schedule of Dilapidations (sometimes colloquially referenced as Delaps or Delapidations) inclusive of a Financial Claim. Without an agreed Schedule of Condition such a claim will typically be higher and contain more onerous requirements for repairs.