We advise on rental value for leasehold purposes. The implications of taking a short or long-term lease, and terms included within the lease.
Dilapidations - when the lease terminates, your landlord will inspect the building and charge you for any dilapidations or defects which have arisen during your occupation.
More importantly, if you have failed to prepare a Schedule prior to occupation, he can charge you for any defects which pre-existed your lease. So it is important to have a Schedule of Condition prior and attach it to the lease so that the landlord cannot require you to put it in better condition than when taken.
When renewing the lease, you could need protection from landlords who may impose harsh terms on you. A combination of surveyors' advice and solicitor's advice is a worthwhile investment in all leasehold matters.
N.B. The term 'dilapidations' refers to breaches of lease covenants that relate to the condition of the property, and the process of remedying those breaches.
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