Buying selling or leasing Commercial Buildings.
If you are considering purchasing a commercial building (factory, office, shop, large building, small industrial unit, farm, etc) you may wish to consider finding an experienced Surveyor who will be able to lend an expert eye and help you develop a full understanding of what you are taking on. In addition to carrying out a Survey or your Commercial Building an experienced Surveyor may also be able to help you complete your negotiations and ensure the best possible outcome.
If you are not buying a property but instead you are negotiating a possible lease, it may be useful to talk to a Building Surveyor with experience of negotiations on commercial buildings. Commercial leases can sometimes be very straight forward but on other occasions they may have rather onerous conditions attached to them Whether you are a landlord or a prospective tenant you should not agree to a lease until you have a good understanding of the issues. You will need to feel comfortable that the lease is reasonable and that it is fair to both parties.
Before taking up a lease on a property you would normally have a Schedule of Condition undertaken by a Surveyor to document the condition of the property at a point in time. This will be an important document, as you will need to refer to it later on when the lease comes to an end. Dependent on the terms of the lease, the tenant may have to pay for work to be carried out to ensure that the property is left in the same condition as it was when the lease started.
A landlord needs to ensure that a tenant looks after a property and keeps it in a good state of repair. To help in this process a landlord can consider commissioning a Surveyor to produce an interim Schedule of Dilapidation midterm of the lease or at an appropriate point in time before the end of the lease. This would give the tenant plenty of notice to carry out necessary maintenance rather than waiting until the end of the lease. Once the end of the lease is reached a full Schedule of Dilapidation can be undertaken to identify and cost the necessary work required to return the building to an acceptable condition. The tenant may undertake to have the necessary work carried out, or a financial payment may be agreed in lieu. Again these negotiations can be quite complex and getting help from a Surveyor with commercial experience may be cost effective.
If you are about to renew an existing lease you may wish to have a Commercial Building Surveyor carry out a rent review of your property to get an independent view of a fair price.
If your building is not commercial but is in fact a residential property then you should request a set of estimates from Surveyors who specialise in Residential Building Surveys.
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