Schedule of Condition

Prior to entering into a lease, it is strongly advisable to engage the services of a Chartered Surveyor to prepare a Schedule of Condition to record the state of the property at the commencement of the term.  It is essential that the Schedule is attached and referred to within the lease.

Attaching a Schedule of Condition to the lease can save a tenant significant amounts of money and potential disruption to their business when their tenancy comes to an end.  Similarly the Landlord is protected by such a document as it ensures that any changes made by the tenant are rectified, unless agreed otherwise, prior to the building being surrendered to the owners.

A schedule of condition can also be prepared to confirm the condition of a building prior to repairs or alterations to an adjoining property or land, for example, as part of the Party Wall Act process.