Schedule of Condition
A schedule of condition records the condition of a property at a given point in time. If you are signing a lease on a commercial property it may be possible to limit your liability for repairs and maintenance by investing in a detailed schedule of condition prior to signing on the dotted line. In our experience this can save the tenant tens of thousands of pounds at lease expiry. The report will contain photographs and a detailed description of each element of the building ensuring the tenant won't be liable to return the property to a higher standard than that described in the report. A schedule of condition can also be carried out to protect the interests of a property owner, who for example, may have invested in a programme of refurbishment for an incoming tenant and is therefore be keen to ensure that the property is returned at the end of the lease in full repair.