Protecting your commercial interest
Don’t let someone else’s problem become your liability.
Signing a commercial lease without a Schedule of Condition is one of the most common, and most costly, mistakes a commercial tenant can make.
Under a Full Repairing and Insuring (FRI) lease, you are responsible for returning the property to the landlord in good repair at the end of your tenancy. Without a contemporaneous record of the condition at the start, you could be held liable for dilapidations — the cost of repairs and reinstatement — that have nothing to do with your occupation. Pre-existing cracks, worn roofing, dated services, faded decorations — all of these become your problem if there’s no evidence they were there before you moved in.
A Schedule of Condition is your evidence. It’s your protection. And it needs to be prepared properly, by an experienced chartered building surveyor, before you sign.