Dilapidations have become a real power-house of revenue for landlords and an expense for tenants which all too often goes unaccounted for.
Dilapidations is a complex subject that is governed by statue and case law which has developed over hundreds of years. Dilapidations refer to a failure to comply with the obligations of clauses within a lease or tenancy agreement between a tenant and their landlord. This failure to comply normally relates to breaches of specific clauses such as; repair and maintenance, reinstatement, redecoration, compliance with statute and yield-up.
In most leases it is worth remembering that the tenant’s front-line obligation is to maintain and yield up the building in repair. It is not to pay money to the landlord. The need to pay money to the landlord only arises in circumstances where the tenant has failed in this front-line obligation. It is worth remembering too, that the need to pay money (damages) does not arise in every case.
When acting on behalf of a tenant Townsend and Renaudon:
Whether the lease with your Tenant is terminating due to the exercising of a break clause or expiry of the term, we offer a proactive service aimed at securing the best settlement for the Landlord in order to compensate for their loss as a result of the tenure.
When acting on behalf of a Landlord, Townsend and Renaudon will:
Acting on behalf of both Landlords and Tenants the unique selling point of Townsend and Renaudon is our multi-disciplinary practice and in-house wealth of knowledge.
Using their building pathology skills our Building Surveyors and Architects identify disrepair and prescribe the best remedy. Alongside this our Quantity Surveyors and Construction Cost Managers are on hand to provide accurate cost advice to ensure that the most economically viable solution is implemented.