Dilapidations
Dilapidations are integral to any commercial lease, as they define tenant obligations for the maintenance and repair of property. Dilapidations advice is a core service for Knight Frank’s Building Surveying Department.
A dilapidations claim is normally prepared by the Landlord’s Surveyor who produces a Schedule of Dilapidations and Quantified Demand, which is then served on the Tenant.
We advise both tenants and landlords on the often complex assessment of dilapidations related building works and the budget costs involved. We also efficiently negotiate and agree dilapidations claim settlements using a defined professional and equitable protocol.
With our full understanding of lease obligations and background legislation, our dilapidations surveyor will deliver significant value. We advise on the strategic options that can be followed to suit each specific situation. We aim to negotiate the best value result for our clients within a professional and equitable process that avoids legal action. Whether you are a landlord or tenant, our expert and professional dilapidations advice is essential.
Our Services
- Comprehensive dilapidations cost assessment reports or scheduled claims
- Expert guidance on your break clause, lease end or exit strategies
- Negotiate and agree interim works or terminal settlements on your behalf
- Administer the implementation of dilapidations works where required
- Liaise with other specialist engineers or valuers, where required
- Dilapidations Expert Witness, where a dispute has occurred
We have a vast experience of providing dilapidations consultancy across our full range of property values and use types. Our sectors for this service include offices, industrial & logistics, residential and retail.
We thoroughly inspect each property to be assessed, ranging from large portfolios to a single floor or unit, often working closely with your legal advisers. Our Dilapidations services are delivered in accordance with current industry guidelines. Our cost assessments are prepared with appropriate allowances for reinstatement, demolition, repair, redecoration and other costs including professional fees. Our reports and schedules includes a description of each relevant lease obligation and the key documentation with a full cost breakdown of the dilapidations cost liability arising from the applicable covenants.
Benefits of this service
- Delivers a professional negotiation for best value and avoiding dispute.
- Supports decision making on the exit plan, timescale or strategy.
- Detailed assessment report with itemised work details and cost assumptions.
- Supported by budget cost intelligence from our national offices.A highly experienced and well-respected national team.
We provide the strategic options and potential cost advice that support decision-making and financial planning to ensure a successful outcome from future negotiations.
We are on your side to help you achieve successful settlement of any dilapidations claim.