Recent cases have once again highlighted the need for Landlords to consider how a dilapidations claim is valued and raised the question of Landlords intentions. A dilapidations claim can be valued one of two ways firstly by preparing a Schedule of Dilapidations and secondly by valuing the diminution of value to the reversionary interest, known as a Section 18 valuation. A Landlords claim can then only be the lower of the two valuations. The Landlords intentions and actions can also impact the claim and final settlement figure.
Preparing for the the end of a lease is something Landlords should consider in good time. The timing of the preparation and service of a Schedule of Dilapidations can impact on the claim so early action in appointing a surveyor to advise and guide you through the process and prepare a Schedule of Dilapidations is recommended to ensure the you understand your position and achieve a successful outcome. We are able to provide guidance throughout the claim to ensure Landlords understand the issues and make informed decisions during the claim.
