Dilapidations definition
Examples of Dilapidations in a sentence
The fees stated above for Rent Reviews, Lease Renewals, Rating, Dilapidations, Compulsory Purchase, etc.
The purpose of the Dilapidations Deposit is to protect the Landlord against loss of rent or damage to the Property during the Tenancy.
Dilapidations caused by Your installations will be assessed by the Organisers and the cost of reinstatement will be charged to You.
The fees stated above for Rent Reviews, Lease Renewals, Rating, Dilapidations and Compulsory Purchase represent the fee for completing the transaction without reference to a third party.
We may advise clients in relation to their obligations upon termination of relevant lease terms yield lack of record property if served with a disputed Schedule of Dilapidations.
Dilapidations A document made by a landlord and a tenant outlining the damages/wear and tear to a property.
The Investment Advisor will advise on the necessity of preparing Schedules of Dilapidations, making recommendations to and subsequently implementing decisions made by the Group.
The lifecycle costs for the property will be identified as follows: Facility Revenue Costs will include: Rent, Rates & Service Charges, Running Costs (Utilities & Building Plant/Maintenance), Removals, Dilapidations and Write Off.
Subject to clause 5.3, on the Date of Actual Completion, the Landlord and the Tenant are to release each other and the Landlord is to release the Tenant’s Guarantor from all obligations contained in the Lease arising on or after the Date of Actual Completion on the terms contained in the Deeds of Surrender and the Landlord is to accept the Dilapidations Payment in full and final settlement of all claims for dilapidations arising on the ending of the Lease.
This will include inspecting the premises, preparing or procuring a Schedule of Dilapidations, where necessary, service of the Schedule on the tenant, monitoring the tenant carrying out the works or negotiating a cash settlement and carrying out the works deemed necessary.