Landlords and Tenants
If you are a tenant taking a full repairing and
insuring (FRI) lease, you will have a responsibility to put the
building into good repair, keep it that way, and surrender it in
good repair.
Tenants
Sometimes it is possible to negotiate a lease so that you hand it
back in no worse condition than you took it. A Schedule of Condition
is a record of its condition at the commencement of the lease - this
is a vital document! The Schedule of Condition may make the difference
between repairing a roof and completely replacing it, and may save
you thousands of pounds.
Landlords
The repairing clauses in a commercial lease are enforced through
a Schedule of Dilapidations. This document sets out the defects
the landlord, or more usually his surveyor, thinks needs to be carried
out in order to bring the property back into repair. It is served
on the tenant, always towards the end of a lease, and sometimes
in the middle as well.
We will scrutinise the lease, prepare the documentation, and negotiate
the best deal for you. |
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