Are commercial property dilapidations wearing you out?
‘Looking after a commercial property is something that’s often overlooked – although it can affect the value substantially’
It’s worth remembering that your property is a capital asset as well as an income provider. With that in mind you need to keep on top of your commercial property dilapidations. That means protecting your property internally and externally, which is not always as straightforward as it sounds.
Understanding your rights regarding commercial property repairs
Is your tenant ignoring their commercial property repair obligations in the lease? Is the lease coming to an end and the property about be returned to you for reletting? Whatever your situation you need to know:
- If you can force the tenant to repair the property
- Whether you can do it yourself and claim the costs
- Whether you should negotiate a cash settlement with the outgoing tenant
Our specialist team can help you answer these questions. Whatever your intention is for the property, we can help you keep on top of your commercial property dilapidations as cost effectively as possible.