Schedules of Condition
When entering into a new lease, it’s important that you’re precisely clear on the current condition of the property, and where responsibility lies for its upkeep during the tenancy.
When entering into a new lease, it’s important that you’re precisely clear on the current condition of the property, and where responsibility lies for its upkeep during the tenancy.
Most leases expect tenants to keep the property ‘in good repair’, but without explicit explanation of what that means, it leaves the door open for disagreements and unexpected dilapidations costs when the lease ends.
A schedule of condition gives you a dependable, and documented, snapshot of the building’s condition when the lease is granted, limiting the liability at the end of the lease. So both landlord and tenant are clear and there’s no room for dispute.
If you’d like to discuss a schedule of condition, please get in touch.
Whether the property is old or new-ish, unusual or fairly standard, buying it without expert advice, could mean digging yourself into an expensive hole. We’re here to make sure that you don’t.
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