Dilapidation Reports

Maynard Marks will schedule the condition of the property or premises upon termination of a lease and provide a report that details items for reinstatement under the covenants of the lease. Also referred to as a Terminal Schedule of Dilapidations, the report will detail items in need of repair and compare the existing condition with what, if anything was recorded at the commencement of the lease, in order to assist in minimising financial exposure prior to termination.

From time to time clients also instruct Maynard Marks to carry out Dilapidation Reports during the life or term of a lease to assess premises, to ensure that the asset is not diminishing in condition, and to minimise future repairs. Our expert advice may then be used to assist in lease disputes and in negotiating lease renewals for both Tenants and Landlords.