Dilapidation works is where a tenant’s building lease is coming to the end of its term and where a tenant is required by law to make ‘reparations,’ i.e. to return the property back to its original state prior to any company refurbishments or office fit outs. Essentially ‘making good’ as per the schedule of dilapidations to reinstate said property back to its initial, pre-altered form, before the end of the tenancy lease period.
It’s always important to be aware of your lease agreement obligations. Failure to comply with dilapidation agreements can place you in breach of your contractual obligations.
You can view our articles for landlords on office dilapidations here for your commercial properties, how to avoid getting stung by rising dilapidation costs here and how to reduce the cost of spiralling dilapidation costs here. For all of our case studies you can take a look here.