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john kershaw 2005 |
| Schedules of Condition | ||
It is not always understood that under normal lease covenants, even if a property is in a relatively poor condition when the tenant first takes the lease, he or she can be required to reinstate it to a good condition at the end of the lease term. In order to protect the tenant’s interests, the |
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condition of the property prior to the commencement of the lease should be fully recorded in a written document known as a “Schedule of Condition” which describes the condition of the property, accompanied by photographs illustrating defects. Following this report lease terms are often re-drafted to state that the building will not have to be put into any better state of repair at the end of the term than was recorded in the schedule. This type of survey is also appropriate when property acquisitions are being considered. How Can We Help? John Kershaw have an experienced team of surveyors able to carry out Schedules of Condition surveys. For further information, please Contact Us. |
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