Dealing with dilapidations
Hill Dickinson has recently focused on the problems of dilapidation, when a new lease is negotiated. In this case, the main focus of tenants and landlords is upon the financial payments to be made throughout the lease term, such as rent and service charge. Quite often the parties do not realise that failure to understand and deal with dilapidations, which are essentially the breach of repairing/decorating obligations within the lease, can have serious financial implications in the future.
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