I have spent some time recently reflecting on dilapidations practice and where the market is at the moment and I’m not sure that I like what I see. What follows is a personal view. It does not represent the views of the RICS or Savills, but hopefully will strike a chord with those of you […]
Dilapidations Terminology
Break Clause – specific clause within a lease, which allows a tenant to give notice to terminate the lease before full term. This may contain onerous provisions such as material compliance or giving vacant possession. Contract Administration – when a tenant opts to undertake some or all of the dilapidation works in order to mitigate […]