Due Diligence For Tenants
Whilst Commercial Landlords are generally well versed in the matters of property acquisition and management, this is often the last thing on the minds of Tenants taking a lease of new premises. They often overlook the importance of assessing the building’s condition prior to accepting potentially onerous repairing responsibilities, this never more critical than at the end of the lease or at a breakpoint within the lease period. At Forde George building surveyors devon, we often see Tenants poorly represented when leaving premises or attempting to break a lease, being faced with substantial dilapidation claims or the risk of breech of covenants preventing the lease break.
It is therefore essential to appoint a Chartered Building Surveyor to not only review the condition of the building, but also assess the Tenants repairing obligations, highlighting any potentially onerous Covenants. Our experienced building chartered surveyors at Forde George can also assist in limiting Tenants exposure to dilapidation claims by highlighting issues, negotiating responsibilities out of the lease or preparing Schedules of Condition.
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