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Planetary Industrial, Whillenhall
We were instructed by an American company to negotiate a dilapidations claim on their former warehouse.
The Landlord served their Schedule of Dilapidations a report that provides a precise breakdown of repairs that must be scheduled to reinstate a property to its original condition as stated in the lease agreement) at a total sum of £35,000.
On behalf of the former Tenant, our Building Surveyor’s response was £20,000.
Utilising our local and national Agency experience, we were able to identify certain works that would simply not be required in the open market, including the removal of certain alterations that would in fact be beneficial to a new Tenant.
This, along with a strong industrial market (demand outweighing supply) resulted in us concluding a Diminution (a reduction) of £10,000.
We were then able to secure a settlement of £14,000.
By utilising our market knowledge, we were able to secure an even lower settlement.
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