Landlords and tenants must ensure they are receiving or paying the correct amount in respect of dilapidations upon the expiry of a lease.
Our valuers have an excellent track record of guiding both landlords and tenants through the dilapidations process.
Section 18 (1) of the Landlord & Tenant Act governs the level of damages payable for breaching a repair covenant under a lease and provides a ‘cap’ on the level of damages that can be recovered, based upon the diminution (reduction) in the value of the property. This is a stated requirement of the Property Litigation Association’s Dilapidations Protocol and RICS Guidance Notes.
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