Wed, 27 Jun 2012 | COMMERCIAL PROPERTY
Disputes over dilapidation within commercial properties have increased recently, according to a recent article from John Newton, head of the Cardiff office of the building and project consultancy firm, Tuffin Ferraby Taylor.
Writing for Wales Online, Mr Newton suggested that the business has seen a 25 per cent increase in such disputes since a change in the relationship between landlords and tenants took place in the wake of the recession.
Tenants who ignore or fail to recognise their repair obligations during a lease can sometimes leave buildings in an altered state or in disrepair when they leave. As times have become harder financially, landlords are taking a stricter approach to such behaviour.
The company researching the issue cited some of its own dilapidations claims. Some of its London offices have been involved with claims on tenants of office buildings in the West End of the capital to the tune of £2 million, while in Cardiff, claims on industrial units range from around £30,000 to £500,000.
Mr Newton added that professional advice is usually a good thing to seek out if there are problems with a lease on a commercial property. While it is rarely possible to alter the terms of a lease once it is in process, professional help can usually help to manage and mitigate dilapidations liability issues.
This is a unique chance to acquire a highly profitable distributor for a prestigious luxury yacht manufacturer, boasting prime locations including a London HQ and four Mediterranean offices. With over 30 years of establishment, this business enjoys a...
This UK-based furniture manufacturer and associated import business presents a unique opportunity to acquire an established enterprise with decades of experience in supplying major retailers with curated collections and bespoke pieces.
A spacious restaurant with a live music licence is available, prominently located in a bustling area of Surrey, making it an attractive opportunity for those seeking a vibrant hospitality venture.
LEASEHOLD
03
|
Sep
|
Car dealership group representing 16 brands acquired | BUSINESS SALE
Johnsons Cars Limited, a car dealership group that represent...
03
|
Sep
|
Pair of family-run Devon care homes sold | COMMERCIAL PROPERTY
Two family-run care homes in Paignton, Torbay have been sold...
03
|
Sep
|
Dains Group expands in East Midlands with latest acquisition | BUSINESS SALE
Dains Group, a private equity-backed accountancy and advisor...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.