Occupier Insights – Dilapidations
Introduction
Dilapidations can be one of the most significant costs facing occupiers when exiting commercial premises. Whether an occupier is relocating, downsizing, or simply allowing a lease to expire, dilapidations are often left until the very end of the process. In many cases, tenants only start considering their repair and reinstatement obligations when a landlord submits a dilapidations claim, typically in the final months of the lease term.
Dilapidations should be viewed as a lease-end project rather than a lease-end event. Early planning, a clear understanding of lease obligations and an appreciation of the landlord’s intentions can significantly reduce both cost and uncertainty.
In our latest Occupier Insights blog, James Mulhall explains why Dilapidations should be viewed as a project rather than a lease-end event. He outlines practical steps occupiers can take to minimise their financial exposure.
