As an occupier of a commercial property you have a contractual responsibility to return it to the landlord in an agreed state of repair and condition. It is imperative therefore that you plan for the dilapidations process well ahead of your lease expiry.
Receiving the right advice at the right time and budgeting in advance for dilapidations will ensure a more successful outcome can be achieved and help to protect you against unwelcome surprises.
TFT have a wealth of experience in acting for tenants both during and at the end of a commercial lease term. We act for small businesses and sole traders, as well as large multi-national organisations and major high street retailers.
In the lead up to lease expiry, we recommend a dilapidations strategy be prepared that sets out our assessment of your dilapidations liability, enabling you to budget in advance for any end of lease financial obligations.
Tenants receiving repairs notices during the term of their lease must ensure the notices have been properly served, and contain only legitimate breaches of covenant. Expert advice is required in all instances to ensure a correct assessment of the situation in line with best practice protocols. TFT will advise you as a strategy to deal with landlords repairs notices.
Large corporate occupiers filing accounts under FRS12 will require a detailed dilapidations assessment that can stand up to the scrutiny of HM Revenue and Customs. TFT are experts in the provision of such a report.
TFT assist occupiers of commercial property by :
Validation, negotiation and defence of dilapidations claims during the term, for both interim dilapidations claims and repair notices.
Validation, negotiation and defence of terminal dilapidations claims.
Provision of break clause advice.
Provision of dilapidations liability assessments including the review of all lease documentation and a full inspection of property.
To learn how TFT can help you protect your interests contact us today
For further information please click here to visit our dilapidations website.
To view TFT's Time is Money brochure please click here.