Schedule of Condition
A Schedule of Condition is a record of the precise condition of a building and the associated external surfaces and boundary areas at a certain point in time. Trident has extensive experience in the production of such schedules for landlords, tenants, contractors, developers, building owners and adjoining owners.
A detailed description of the condition on an elemental basis, which is often reinforced by a photographic schedule, can be an invaluable document which protects clients’ interests in a variety of situations.
The most common use is in conjunction with leasehold agreements where it is used to record the condition of a building at commencement of the term.
Often, tenants are held liable for defects and removal of alterations which existed at commencement of the lease, and the preparation of such a schedule can help to protect their position by ensuring that they are not expected to return the building back to a condition any better than that detailed in the schedule. In turn, this dilutes any future dilapidation liability and unnecessary cost exposure.
Another common use of the Schedule of Condition is prior to construction or refurbishment work commencing, where it can assist in resolving any disputes that may arise in the future in relation to damage or deterioration which may have resulted from such works. This can be prepared for the building being constructed or refurbished, as well as neighbouring properties, and can help save time, avoid disputes and reduce costs for all contracting and other third parties.
Trident can prepare high quality reports in an efficient and professional manner, which can be tailored to suit the needs of individual clients.