Dilapidations claims are an important consideration throughout the term of a lease and become increasingly important when occupiers are reaching the end of a lease term or considering implementing a break option.
The definition of dilapidations in practical terms is leaving the property in a condition as set out in the lease and usually in the condition it was provided in at lease commencement.
This is a common area of dispute between landlords and tenants. Crucial to understanding the viability and validity of a claim is interpretation of the lease clauses and applying them to the leased property.
We have a highly experienced team in this field preparing:
- Dilapidations assessments for Financial Reporting Standard 102 and development of dilapidations strategies
- Advising on lease obligations and lease break options
- Strategic advice on negotiating options; timings and tactics
- Advising whether to undertake the works or agree a financial settlement
- Negotiating dilapidations claims with landlords and tenants
- Procurement and if appropriate managing the works
- Advising of the appropriateness of section 18 Valuations under the Landlord and Tenant Act 1927
- Expert witness and litigation support