Dilapidations – Save the Fees of a Valuer! (And Pay Too Much)
Here’s a top tip which illustrates that for business and leisure tenants subject to dilapidations claims, ensuring the settlement sum is minimised requires both the building surveyor and the valuation surveyor. That avoiding the expense of the valuation surveyor’s input is a false economy.
Retail Case Studies
The attached evidences the consistently minimum achievable dilapidations settlement sums we secure for retail tenants, made possible by our unique offering of both Building Surveyors and Valuers, working together from the outset to ensure that the Section 18 (Diminution in Value) cap is applied to optimum effect.
The Dilapidations Protocol & the importance of a Diminution Valuation in dilapidations negotiations
Paragraph 9.4 of the Dilapidations Protocol (the Protocol) could not be clearer:
“…in a case where the landlord has not carried out all the works specified in the schedule…it should provide a formal diminution valuation (DV)…”
Making a dilapidations claim - practical tips for landlords
Commercial landlords can make a dilapidations claim against their tenant if they feel they have broken their lease agreement and left a property in a bad condition.
The strength of any dilapidations claim depends on demonstrating the property’s state at the date of lease expiry/break.
Levelling Up and Regeneration Bill - What Does it Mean?
The Government’s announcement that Local Authorities are to be empowered to force Landlords to let empty shops (by Compulsory Rental Auctions) probably creates more problems than solutions for both owners and recently departed Tenants alike - especially for dilapidations claims.