A Schedule of Condition is a detailed ‘snapshot’ of the demise prior to commencement of the lease term.

It can be used to limit a Tenants liability and save costly negotiations for dilapidation repairs at the end of the lease, which would most certainly out way the initial cost of having one prepared.

We can prepare a detailed Schedule of Dilapidations in accordance with the lease. This is a document prepared by us, describing the current condition of the building and setting out the work we consider necessary to bring it back into repair. The tenant may dispute part or the entire schedule, particularly if the lease is subject to a Schedule of Condition, and surveyors acting for both parties will negotiate to reach an agreed scope of work.

If the lease is still running (an Interim Schedule of Dilapidations) the work will be organised by the Tenant’s surveyor and checked by the Landlord’s surveyor.

If the lease has expired (a Terminal Schedule of Dilapidations) the two surveyors will negotiate a financial settlement to allow the landlord to repair the building ready for the next tenant.

Hough & Co. take instructions from both Landlords and Tenants and negotiate either a financial settlement or agree the scope of works necessary to terminate the lease agreement.

A Schedule can be prepared for accounting purposes to set aside suitable expenditure to deal with the dilapidation requirements in accordance with the lease. 

Appointments are generally carried out on behalf of Landlords to review a Tenant’s proposal for adaptation and fitting out of buildings in order to comply with the lease documentation.  Upon vacation of the demise at lease expiry a further inspection will identify reinstatement liabilities under the terms of the license previously granted.