TGA Building Consultancy provides highly expert and effective dilapidations advice for landlords and tenants.
Acting for landlords, our remit involves either the preparation of interim schedules, enabling the owner to ensure that the asset value of his freehold is not adversely affected, or terminal schedules which should be drawn up in good time and certainly within the last three years of any lease term. The landlord has a duty to mitigate his potential loss through accrued dilapidations and the Courts may have regard to the speed with which repairs are instigated. One crucial legal aspect is the damage to the landlord's reversionary interest and TGA has considerable experience in preparing diminution calculations to assess the level of damages arising from the tenant's failure to comply with his repairing covenants under the lease.
Tenants generally approach TGA having been presented with an interim or terminal schedule by their landlord. Appropriate claim defence, negotiation of work to be carried out or financial settlement in lieu of repair is then undertaken. TGA possess considerable expertise in settling claims, monitoring or implementing repair contracts and in specialist areas such as the preparation of Scott Schedules and expert reports.
Example of Dilapidations settlement:
Basingstoke Offices - TGA acting for Tenant
Landlord's claim £407,878 - TGA settlement £8,900 |
