A Schedule of Condition is a detailed record of any damage or imperfections within a property or a specific part of a property on the date of inspection.
When do I need a Schedule of Condition?
Schedules of Condition are commonly used for clients that intend to take on a commercial property lease, but are also used prior to party wall projects. The objective is to outline the property’s condition before occupation or construction, so that any damage can be properly attributed. This protects landlords, tenants and neighbours from carrying out repairs for which the other party should be held responsible.
What does a Schedule of Condition include?
Similar to Building Surveys, a Schedule of Condition involves a detailed inspection or the property or designated area of the property. The report will contain written notes, sketches and photographs where appropriate. It will also include a section to be signed by both the landlord and tenant, or Building Owner and Adjoining Owner, to agree that this is the condition in which the property should be returned at the end of the lease or renovation project.
Is this similar to a Schedule of Dilapidations?
Landlords will typically arrange for a Schedule of Dilapidations to be carried out at the end of a lease to establish whether you have caused any disrepair to the property during your occupation.
A lease will often require tenants to hand a property back in the same condition it was when they moved in, making it essential that a Schedule of Condition is carried out to establish the original condition, prior to a Schedule of Dilapidations at the end of a lease.
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