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COMMERCIAL SCHEDULE OF CONDITION REPORT
Before conducting a schedule of condition report, it's essential to understand the building's inherent pathology. This provides a clear picture of how the property's construction will impact ongoing maintenance, allowing for appropriate contributions to a full repairing lease to be agreed upon between the incoming tenant and the property owner before the lease commences.
Furthermore, a thorough review of the full repairing and insurance lease is crucial prior to undertaking a schedule of condition. This ensures the schedule accurately reflects the lease obligations concerning the property's internal and external condition.
Depending on the building's age and construction, a comprehensive Level 3 building survey, in addition to a schedule of condition report, is often strongly recommended.
This level of detail is vital for protecting your interests at the end of the lease term. When the landlord prepares a schedule of dilapidations, your schedule of condition report will serve as crucial evidence for comparison.
This facilitates a clear understanding of the property's condition at the lease's outset and aids in determining a fair apportionment of any necessary repairs or maintenance.
A full building survey provides a comprehensive assessment of the property's current condition. This enables negotiation and agreement on ongoing maintenance responsibilities before the lease begins, potentially preventing disputes and costs at the lease's conclusion.
The specific requirements for these assessments should be determined on a case-by-case basis after a review of the lease and discussions regarding the appropriate level of detail required for the schedule of condition.
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