The dilapidations clauses of your lease are likely to demand that you leave the property in the same condition as it was when you took it over.
In practical terms, this means that the Landlord will serve you with a dilapidations schedule that will culminate in either a financial settlement or the work being undertaken by you prior to the end of the lease.
Consideration should be given to the impact of your office refurbishment on your potential dilapidations liability.
At best you may be able to renegotiate your lease terms to reduce this liability to reflect your investment in the building. At worst you may be increasing the liability if you are making major amendments to the building fabric.
The area of dilapidations is complex and notoriously contentious and so it’s crucial that you work closely with your professional advisors and office refurbishment partner to ensure you are absolutely clear on the consequences of the refurbishment.
Maris Interiors LLP is the UK’s leading specialist in workplace consultancy, workplace optimisation, office design, office refurbishment, office fit-out and office relocation. Maris design and create world class working environments for occupiers throughout the UK and continental Europe. The Maris team of experts has extensive and in-depth knowledge of how good office design and fit-out can substantially improve business performance, save vast amounts of money and help retain and attract key people.
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