Oakland Business Centre, Wokingham
We were instructed by a former tenant to defend a dilapidations claim on their c.5,500 sq ft hybrid office/workshop.
The building was vacated with dilapidations but it also had very dated specifications as it was in need of modernisation/upgrades.
The Landlord served their Terminal Schedule of Dilapidations Claim (a report that provides a precise breakdown of repairs that must be scheduled to reinstate a property to its original condition as stated in the lease agreement) at a total sum of £202,500.
The landlord ‘did the works’ so were confident in securing their reduced claim at £170,000 (once recognised improvement costs were removed).
Our combined application of both the Building Surveyor on costings (which limited impact once the Landlord had done the work) and the Valuer of nuanced Diminution Valuation/Section 18 arguments.
A settlement (all-inclusive) was reached at £67,000.
How We Can Help You
Dilapsolutions
Chartered Surveyors
We are the only dilapidations consultancy in the UK & Ireland that provides both Chartered Building and Valuation Surveyors, ensuring the best results for our clients.