Office Dilapidations
Dilapidations are repairs required during or at the end of a tenancy or lease.
Commercial leases generally specify that hired office space must be left in a rentable condition – perfect, basically.
This includes removing all furniture, fixtures and fittings added by the tenant; repairing any damage, including to floors; obtaining an Electrical Installation Condition Report (EICR), and usually decorating throughout.
What are Dilapidations?
Dilapidations refer to repairs needed either during or at the end of a lease. Commercial leases stipulate that you must return the space in the same condition as it was when you took the lease . This means to reinstate the office premises in the same condition it was given. Re-instating costs can be very high as it involves taking down partitions, removing any furniture, fixtures, or fittings added by the tenant, fixing any damage (including to floors), getting an Electrical Installation Condition Report (EICR), and typically doing some redecorating. This is referred to as reinstatement.
Talk With Our Experts Contact UsHow can the costs be saved?
The dilapidations market has a fundamental problem: landlords commission the dilapidations work, but departing tenants pay for it. As a result, due diligence on pricing is not done to the same level as if tenants were paying the bill directly.
In most cases, we can complete workspace dilapidations requirements for approximately 25%-30% less from the costs quoted by landlords.. Completing the work before you hand over the keys can result in significant savings.
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