Proper Maintenance
Saves Money On
Dilapidations Claims
When you take out a commercial property lease, there are
likely to be terms that insist you maintain the property in a
good state of repair during the lease and return it in a
similar condition to when you first took out the lease.
The longer your lease, the more you need to take notice
of the repair and maintenance clauses.
Some leases will specify that the property be decorated
every 5 years for example. If this is not carried out in
accordance with the lease, then the property will deteriorate
and you will be opening yourself up to a potentially damaging
bill at the end of your lease.
Maintenance may includes things like external areas,
particularly on larger properties where the tenant could be
responsible for the upkeep of roads, boundary fences, gardens
etc.
Edgeworth Street can assist by conducting a planned
maintenance survey that provides you with a 5, 10 or 15 year
maintenance plan that ensures that not only you comply with the
terms of the lease, but you also get the direct benefit of the
maintenance whilst you remain the tenant.
Some companies believe this to be a false economy, ignoring
the fact that the dilapidations claim is likely to cost them
far more than a properly executed maintenance plan.
The problem with that is that the outgoing tenant gets no
benefit at all from paying the dilapidations claim.
Which would you prefer?
For free and friendly advice, please
call Robert Street of David Carter on 0121 733
8686.
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