Dilapidation reports and repairs

Dilapidations is a phrase well know in the world of commercial property but is something that can catch out and be an expensive lesson for commercial tenants. Depending on the wording and conditions of commercial property lease agreements will depend on who is responsible for which and to what degree of property repairs and other associated costs. For instance if you are a commercial tenant and you have occupied a property for many years you may be responsible to return the property to the landlord with the appropriate statutory requirements in place. This does not sound to onerous but if could mean the introduction of various fire safety and other stator requirements. This could mean a new electrical fire detection system, fire doors and frames and some additional fire separation between fire exists. Dependant on the size and condition of the property this could leave the tenant with a bill for tens of thousands of pounds of refurbishment works. It is important to get a contractor on board who understands not only what needs to be done but also who needs to be informed and how to manage your dilapidation and repair budget. Even if the work is carried out by the correct competent person to the correct standard using the right materials you could still fall foul of the regulations and approval of building control. This could then create further issues and costs associated to getting in or out of the lease. There are different types of commercial property leases but retailers are very often only prepared to sign what are called weather leases. This term is used to describe a lease agreement where the landlord remains responsible for keeping the building weather tight and the tenant for the internal elements. So essentially the landlords keeps the roof, walls and external windows and doors in safe and serviceable condition while the commercial tenant looks after the rest.