Tenants

As we approach 2025 and embark on the festive season, we want to reflect on our recent accomplishments. We are proud to highlight key achievements, particularly in reducing dilapidation claims and helping tenants significantly save money.

I have written before about reinstatement of tenant alterations at lease end/break.

In the context of dilapidations, the reinstatement element can make up a significant part of the total claim; for offices, it can comprise the most part.

A recent article highlighted the significant decline in the number of nightclubs in the UK.

Alterations & Improvements. One of the three categories of breach in respect of which damages are claimed in dilapidations.

As many pubs struggle for survival, it is more important than ever that tenants understand what is needed to best limit their lease liabilities, both in taking new leases and on exiting.

According to a recent BBC article, 2023 is projected to have the highest number of companies going bankrupt since the financial crisis that occurred in 2009.

Here’s a top tip which illustrates that for business and leisure tenants subject to dilapidations claims, ensuring the settlement sum is minimised requires both the building surveyor and the valuation surveyor. That avoiding the expense of the valuation surveyor’s input is a false economy.

The attached evidences the consistently minimum achievable dilapidations settlement sums we secure for retail tenants, made possible by our unique offering of both Building Surveyors and Valuers, working together from the outset to ensure that the Section 18 (Diminution in Value) cap is applied to optimum effect.

We recently advised a tenant who was renting an office building in Regent Court, Leicester.

The key reason why any tenant settling a dilapidations claim using just a Building Surveyor (BS), will be paying out over the odds.