Propitas was originally instructed to prepare dilapidations assessments on ten small office units within this estate, which were all occupied by our client under the terms of various full repairing and insuring leases, which differed in term duration and obligation.
Following close liaison with the client, we agreed that the best way to mitigate the liability was to implement the works required in order to comply with the lease covenants.
With our client having secured new premises elsewhere, they were in a position to vacate the site, allowing the appointed contractor, under our supervision, to implement the works.
Through effective project management, completion was achieved in advance of the various lease expiry dates, and to the satisfaction of the landlord’s surveyor, who was appointed by all of the different freeholders.
HOW PROPITAS ADDED VALUE
Working with a proactive client, who appointed us some 14 months before the leases were due to expire, we were able to assess the liabilities and work closely with them to determine the best possible exit strategy, given the circumstances.
We knew the key risk was the landlord serving a residual claim in the event that they had interpreted the lease obligations differently to us. Therefore, we involved them from inception of the works through to completion, ensuring they were fully briefed and updated as to our actions, resulting in all lease liabilities being successfully discharged, without dispute.