Why use a Schedule of Condition?
Schedules of Condition have become commonplace in commercial leases. The purpose of a Schedule of Condition is to document the extent of the tenant’s repairing liabilities. The objective is to ensure that the tenant is not obliged to put the property into a better condition than is evidenced by the Schedule of Condition at the start of the lease.
Although attractive to tenants, Schedules of Condition come with pitfalls which should be identified and addressed, where possible, when negotiating the lease.
A good Schedule of Condition is normally prepared by a surveyor and will comprise photographs and written descriptions, together documenting the condition of the property. The tenant will wish to ensure that the Schedule clearly shows the defects, by referring to the precise location and extent of the defects – the photographs and text must be specific enough to allow the defects to be identified in the future.
We would always recommend that tenants limit their liability under a new lease, particularly if this relates to a second hand or older property. One of the ways that this can be achieved is by producing and attaching a Schedule of Condition to the lease.
If you need to record a property’s state of repair and defects at any point, we can deliver within 24 hours of inspection. We provide schedules of condition to the required standards and with a high level of accuracy and detail. We also work with a range of mechanical and electrical specialists to make sure your liabilities are fully covered.
If you would like to discuss your project in more detail, please get in touch with us today.
- Drone surveys
- Photographic schedules of condition
- Videographic schedules of condition
- Written schedules of condition with photographs