Failure to understand the Law of Dilapidations, the legal obligations of covenants to repair, reinstate, decorate, comply with statute and yield up can impose severe cost penalties on both the tenant and the landlord.
Schedules of Dilapidations can be prepared during the currency of the lease or after the lease has terminated. Reports are prepared to record breaches of covenant within the lease to ensure that the tenant is aware of their obligations.
Hayden Clark Consulting Ltd can prepare interim, terminal and final dilapidations schedules and negotiate them with the tenant. You can also count on us to defend tenants who have received dilapidations schedules to ensure a fair settlement is reached.
Occasionally, tenants may also wish to have an assessment of their liability for business purposes and we can prepare schedules in support of Financial Reporting Standard 12 (FRS 12).