RES Property Surveyors offer support in the building surveying aspect of dilapidations and the negotiation of any resulting claims as well as undertaking S. 18 valuations. Our team are able to produce an accurate schedule of dilapidations and advise on the cost assessment in line with the lease. If you are concerned about the state of your property at any point in a lease, beginning the process of a dilapidations claim could protect your asset as landlord.
If you are a tenant who has been served with a schedule of dilapidation, then appointing a survey to defend the claim is essential to ensure the cost is kept to a minimum. The team at RES regularly help tenants cut claims by an average of over 30%.
What is a schedule of dilapidations?
A schedule of dilapidations is a document which details the condition of a property, identifying any failures by the tenant to adhere to the covenants agreed in the lease. The document will also include assessments of potential costs the tenant could be responsible for if repairs, etc. are not completed before the end of a lease.
When can a schedule of dilapidations be issued?
A schedule of dilapidations is typically produced towards the end of a lease agreement but can be undertaken at any point during the lease. The timing of the work is dependent on the situation. If you as a landlord would like to insure yourself against the potential for loss, a schedule of dilapidations may be useful during the lease period so that the tenant is required to act promptly in resolving the issue. A tenant should also seek professional advice in forming a defence to the claim.
Section 18 Claims
Section 18 of the Landlord and Tenant Act 1927 refers to diminution in value claims in relation to dilapidations. S.18 means that a tenant’s dilapidations’ liability is limited to a diminution in value instead of a measure of the costs in yielding up the property at lease end. The experts at RES Property Surveyors have a detailed grasp of relevant case law and in-depth knowledge of local markets which is essential to effectively negotiating dilapidations claims both for landlords and tenants.
Why choose RES Property Surveyors?
Res Property Surveyors Ltd are experienced in undertaking and advising on every step of a dilapidations claims. Our experts can cover everything from the survey to negotiation and settlement. We are able to advise landlords and tenants as to the best way to approach a dilapidation claim and claim no matter what point in the current lease agreement your tenant currently stands. We have a team of experienced professionals who will provide accurate, detailed advice and comprehensive cost analysis for your individual situation.
Whether you are a landlord or tenant, RES Property Surveyors can support you through the process of issuing and receiving a schedule of dilapidations.