5 April 2017
COMMERCIAL PROPERTY LANDLORDS LOSING THOUSANDS ON REPAIR BILLS, WARNS GJS DILLON
Commercial property landlords are losing out on thousands of pounds in repair bills, warns Worcestershire commercial property consultancy GJS Dillon.
Mark Davies, Director of Building Surveying Services at GJS Dillon, which has offices in Droitwich, Worcester and Bromsgrove, says that many landlords are failing to get their tenants to pay fully for repairs at the end of a lease, so that they can re-let their buildings quickly and cost-effectively.
He says: “We find that some landlords, especially those who might be new to owning commercial buildings, either do not know that the tenant should carry out all dilapidations works, which is basically reinstatement, repair and re-decoration of the property, or what sums they can reasonably charge to carry out this work if the tenant fails to do it.
“We recently saved a landlord more than £90,000 on a repair bill at the end of a lease, by assessing the costs of the dilapidations and demonstrating the tenant’s contractual responsibility to pay.
“We prepared a Schedule of Dilapidations for the landlord and advised when this should be sent to the tenant to give him time to carry out the repairs before the end of the lease, or to pay the landlord to carry out the work.”
According to Mr Davies, using a building surveyor for advice on all dilapidations matters can save landlords time and money. He says: “We ensure everything we do for a landlord follows the Dilapidations Protocol, so that if we cannot agree a figure for repairs with the tenant, then we can move swiftly to resolving the dispute legally.-
“Getting the dilapidations process right helps minimise landlords’ repair bills and ensures properties are able to be quickly re-let, protecting the returns on property investments,” concludes Mr Davies.
GJS Dillon provides advice on all aspects of Schedules of Dilapidation and Schedules of Condition and advises landlords and tenants on all aspects of ending, renewing and starting new leases. For further information, please contact Mark Davies on either tel. 01527 872525 or tel. 01905 676169 or by email: firstname.lastname@example.org.
With offices in Droitwich, Worcester and Bromsgrove, GJS Dillon is a firm of Chartered Surveyors which offers a comprehensive commercial property service, and unrivalled geographical coverage, throughout Worcestershire and along the M5 and A38 corridors.
Picture caption: Mark Davies, Director of Building Surveying Services at GJS Dillon.