D is for Dilapidations, which refers to the breaches of a tenant’s lease covenants when it comes to repairs, reinstatement of alternations and redecoration. Your landlord can raise these during the term of the lease (as an interim dilapidation) or, more often, when the lease expires (as a terminal dilapidation). Any claim for damages is capped at the Diminution in Value of the landlord’s interest under s18 of the Landlord and Tenant Act 1927 in respect of repair. Common law covers claims for reinstatement and redecoration.
What you need is Trinity Rose Chartered Surveyors’ expert representation and watertight reporting to protect your commercial lease transaction. Read up at https://www.trinity-rose.co.uk/commercial-dilapidations/
#PropertyAtoZ #propertyglossary #commercialdilapidations