Schedule of Condition
Schedule of Condition For Tenants
you acquire a lease of business premises in the UK you may find that you have accepted a repairing liability which will mean that you have to leave the property in better condition than it was at the
start of the lease.
To avoid this well advised business tenants are now documenting the condition
of premises before they acquire a lease and ensuring that the lease limits
their liability by reference to the Schedule of Condition.
reasoning behind this is that most business premises in the UK are let on Full Repairing and Insuring Leases. This means that the tenant is liable for ALL the repairs
required to keep and put the premises in good condition, this includes those
repairs, such as the replacement of a roof covering.
To avoid the liability of putting the premises into a better condition than
they where at the start of the lease it is necessary to have a Professionally
prepared Schedule detailing the Condition of all the elements of the
accommodation and for this Schedule to be attached and referred to in the lease
Even on the smallest shop claims can run into tens of thousands of pounds. The
cost of preparing a Schedule at the commencement of the lease is a fraction of
the costs of repairs which the tenant would otherwise be liable for.
Contact us and let us show you how we can save you money
of Condition may be agreed between the Landlord and Tenant at the commencement of a lease.
will usually be a document with photographic evidence of the condition of
the property at the outset, which can be attached to the lease and limit the
Tenant's repairing liability, depending upon the wording of the lease.
Your Solicitor will advise on these matters.
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