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)…”
How to minimise dilapidations payments for commercial tenants
Commercial property leases will normally include clauses for a tenant to redecorate, repair and leave a property in a certain condition when they vacate at the end of a lease term. If this has not or considered to have not been met, then the landlord will usually make a dilapidations claim.