Ensuring their property is maintained to a proper standard is a principle concern for landlords. It ensures the preservation of the value, and continuity of income.
It is prudent to have the property inspected periodically, to ensure that the tenant is observing the lease repairing covenants. Whilst interim schedules can be served on a tenant, this right is restricted more than a terminal schedule by statute.
A properly prepared schedule of dilapidations has each item of repair costed, however in any instance, a landlord cannot recover more than the amount by which the value of the interest has fallen. A claim must also take into account other factors, such as the Landlords future intentions for the property.
Tenants should seek our advice of Elevation Surveyors on dilapidation liabilities before entering into a lease agreement. In most cases, we advise any tenant to commission a schedule of condition, details of which can be seen here. This is invaluable in limiting the tenants repairing obligations against pre-existing issues, for which they might otherwise become liable. It should be noted however that this is often resisted by the potential landlord.
