Covent Garden's commercial property stock spans Georgian townhouses, Victorian commercial buildings, mansion flats, mixed-use, all subject to lease obligations that require proper management. Our dilapidations team advises both landlords and tenants on their obligations under commercial leases.
We prepare terminal and interim dilapidations schedules, negotiate settlements and provide strategic advice on lease obligations across Covent Garden. Our approach is commercially practical, focusing on achieving the best outcome for our clients.
Preparation of terminal dilapidations schedules for properties in Covent Garden, assessing the tenant's repairing, decorating and reinstatement obligations at lease expiry.
Assessment and preparation of interim dilapidations notices during the lease term, protecting the landlord's interest in properties across Covent Garden.
Advice for tenants on dilapidations liability in Covent Garden, including pre-lease assessments, liability capping strategies and settlement negotiation.
Expert negotiation of dilapidations claims in Covent Garden, working towards commercially sensible settlements that avoid the cost and delay of formal dispute resolution.
A dilapidations schedule is a formal document setting out the breaches of a tenant's lease obligations, typically prepared towards the end of a lease term. It covers repair, decoration and reinstatement requirements for the property in Covent Garden.
We act for both landlords and tenants in Covent Garden. For landlords, we prepare and pursue dilapidations claims. For tenants, we review claims, assess liability and negotiate settlements.
Landlords should ideally instruct a surveyor 12 to 18 months before lease expiry. Tenants should seek advice as soon as a dilapidations claim is received, or before lease expiry to understand potential liability.
Claims are valued based on the cost of carrying out the works identified in the schedule, capped at the diminution in value of the landlord's reversion as required by Section 18 of the Landlord and Tenant Act 1927.