Schedule of Dilapidation
A Schedule of Dilapidation is set up to record any damage that has occurred during the lease of a property to a tenant.
The purpose of the Schedule of Dilapidation is to identify breaches of covenant that usually relate to: disrepair, decoration and reinstatement. This is to ensure that the property is handed back to the landlord in the condition that is set out in the lease.
At Samuels our surveyors can inspect the property and produce a report that reflects the terms of the lease and interpretation of lease and consideration to the character, nature, type and use of the building. The Schedule of Dilapidation should include any damage to services including drainage but at the same time should not be used to improve the property or go beyond the requirements of the lease.
It can be a good idea to get a Schedule of Dilapidations report carried out prior to the end of a tenancy to give the tenants the opportunity to complete any repairs or work necessary prior to vacating the property. If a Schedule of Dilapidation is completed after the tenancy then it can be used to support a landlord’s claim for compensation for any repairs that are needed that fall under the remit of the lease.