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SERVICES / MAKE GOOD ASSESSMENT

DILAPIDATIONS

At the end of a lease the tenant has obligations under the lease to return the premises in the condition defined by the lease on expiry.

Sometimes know as a "Dilapidations" or "Wants of Repair", Make Good Assessment is a schedule of building defects or disrepair which occurs during the term of a lease.

For property owners a Make Good Assessment Schedule specifies the scope and cost of works, relative to the repairing covenants of the lease, to be completed by the tenant prior to vacating the premises.

Make Good/Dilapidation Schedules are prepared following a thorough property inspection and careful consideration of the lease documentation. Although generally prepared towards the end of a lease schedules can be prepared during the term and even after the lease has expired - to ensure the property is maintained or to recover costs for damages. The SGA Property Consultancy service is delivered in two stages - firstly, the Make Good Assessment phase followed by the Negotiation phase.

We provide a range of Make Good advice to support you in the end of lease dilapidations liability definition, negotiation or financial compliance, our services can include:-

Make Good Interim Schedule - during the term of the lease to identify outstanding repair and maintenance obligations
Make Good Interim Assessment - during the term of the lease to define potential liability at lease expiry
Make Good Terminal Schedule - prior to lease expiry to define liability at lease term and initiate negotiation and remediation works
Make Good Final Schedule - after lease expiry
Make Good Negotiations - Acting as independent negotiator the professionalism of SGA ensures a superior and more effective outcome whilst maintaining positive Landlord and Tenant relations
Make Good Project Management - after lease expiry for Lessor
Make Good Forecast (AIFRS) - at lease commencement to define make good liability for financial accounts and / or asset management plans