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SCHEDULE OF CONDITION

All prospective tenants entering into any new lease agreement should always seek to protect their interests by recording the condition of the premises at the commencement of the lease.

 

Failure to do so can and often does mean that tenants can be required by the landlord to undertake expensive repairs later on, despite that fact that the defects may actually pre-date their occupation of the property.

 

A professionally prepared, and agreed, Schedule of Condition is advantageous in most cases. Additionally we can liaise with legal advisers in order to draft suitable clauses in the lease.

 

Condition Schedules record the condition of a property at a given date. The Schedules serve to both limit the respective parties repairing liabilities in the leased property and provide a record enabling subsequent damage to be identified when building construction work is undertaken by neighbouring owners. Our experience in Dilapidations and Party Wall work provides the essential understanding of the importance of an accurate schedule.

 

Experience acting for the various parties has proven the importance of accurate records. We often encounter inadequate and poorly written Schedules of Condition which can result in protracted negotiations with the other party and have significant financial implications for the client.  Understanding how a condition record fits into the entire dilapidations or party wall process is key to constructing an accurate document.

 

 

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