When trying to exercise a break right or exit a site on lease expiry, the potential dilapidation liability is a particular worry for tenants. Especially in the current climate, landlords use this liability to discourage a tenant break or get the tenant to do works to ease the investment burden on the landlord or any incoming tenants. It is worth saying that often any initial schedule of dilapidations served by the landlord will exaggerate the level of liability, and negotiating and settling such claims becomes a tactical battle.
This article has been moved to our publications area and can be found under the ‘Legal Updates’ tab or by following this link:
The content of this page is a summary of the law in force at the present time and is not exhaustive, nor does it contain definitive advice. Specialist legal advice should be sought in relation to any queries that may arise.