Dilapidations Advisory

Dilapidations is a procedure of risk analysis and management. Only those who specialise and carry out a large proportion of dilapidations instructions gain sufficient knowledge of the legal aspects which are critical in this field.

For Landlords, our aim is to identify the full extent of remedial work required by the tenant under the covenants of their lease, whilst avoiding or at least identifying the risk of hidden costs.

Most Tenants' understanding of the term ‘Dilapidations’ tends to be on receipt of a large financial claim from their Landlord. Our aim is to successfully manage the process to ensure the Tenant is kept aware of the risks associated with any decision, whilst ensuring a favourable settlement via a strategic defence.

Dilapidations Due Diligence

Many tenants are surprised by the level of liability they take on at lease commencement. We offer an occupational due diligence service which allows our clients to understand the level of liability they are taking on prior to completion of the lease. Early understanding of the liability informs decisions and budgeting going forward.

Terminal Schedules of Dilapidations

With in-depth knowledge in Dilapidations negotiations, we offer expert advice to Landlords and Tenants to ensure compliance with the Dilapidations Protocol. Pulsar average above 85% dilapidations recovery when acting for Landlords and an average saving of over 50% when acting for Tenants.

Lease Exit Advice

Given our expertise in this area, we can identify the principal issues affecting your occupation. We are also able to provide realistic budget advice, identify strategies to mitigate your potential liability, advise on programme management and implement measures to manage the risks associated.

Liability Assessments

For Tenants who are considering moving property and need to assess what work is involved to vacate, or just wish to accurately budget for their lease end dilapidations liability, we undertake formal dilapidations assessments for financial planning.

Schedule of Condition

Schedules of Condition are now commonplace within many lease transactions. We understand the importance that a comprehensive and accurate Schedule of Condition has for both Landlords and Tenants.

Strategy Planning

Dilapidations planning has both financial and business advantages. In most situations tenants can make provision for dilapidations within their annual profit and loss accounts (capital expenditure excluded). There are specific criteria for the provision to be tax deductible, so it is important to seek expert financial advice. A Dilapidations provision made during the term of the lease can help reduce tax bills throughout the course of the lease. Businesses that fail to make adequate provision during the life of a lease can find themselves facing an unplanned and sizeable bill at the end of the lease.