News
Retail Week article
How can we minimise the dilapidations we have to pay out for our stores when the leases come to an end?
The key is to think about dilapidations all along the property leasing process, not just before a lease is due to come to an end.
Tony Lorenz is director at surveying business Dilaps UK. Even on a small store, a landlord could claim dilapidations of £40.000 to £50.000 at the end of a lease, he says, with the expectation of a settlement of about £20,000 to £25,000.
Dilaps UK recommends carrying out a detailed assessment of a property's condition at the start of the lease, as buildings do not have to be in better condition at the end of a lease than they are at the start.