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.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
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.