If you’re a tenant taking a lease on a commercial property then a schedule of condition is one of the most valuable documents that you can have in your file. Your lease will contain obligations for you to repair and maintain the building to an agreed standard. Usually, the lease will either require you to repair and maintain the full interior and exterior of the building, or just the interior. A schedule of condition records the condition that the property is in at the start of the lease and helps to protect you against undue claims for existing damage and disrepair around the property caused by the previous occupier.
A schedule of condition can not only help to save you thousands of pounds in repair bills – and often tens of thousands on larger properties – it can also make the lease-end settlement process easier to amicably resolve with the landlord. However, this document has to be comprehensive in order to offer the level of protection required.