From the 1st August 2024 Tony Lewis FRICS Chartered Surveyor is amalgamating with Cowie Consulting Providing RICS Level 2 and Level 3 Home Surveys, residential valuations for all purposes, Help to Buy and Expert Witness reporting

Commercial

COMMERCIAL SERVICES

The history of the North East leads us to look at commercial buildings that have had interesting changing lives often with many previous uses.

Commercial building survey

A Building Survey provides a thorough assessment of a commercial property’s condition, which is invaluable for those purchasing a freehold or lease, whether the property is a neglected pub or a modern office facility. This survey offers a detailed examination, identifying any defects along with estimated repair costs. It also describes the building's construction materials, such as steelwork, reinforced concrete, or traditional brick, and highlights the presence of any hazardous substances, like asbestos.



Given that commercial leases often place repair responsibilities on tenants, a building survey is crucial for understanding the building’s condition and components in detail. The report may also include recommendations for necessary repairs. For tenants, this insight is essential in evaluating potential future repair obligations, which can play a significant role in lease negotiations. For buyers, the survey can provide leverage for negotiating a lower purchase price if substantial repairs are identified.

Schedule of condition

For both property owners and tenants; a Schedule of Condition is a comprehensive report that records the state of a commercial property at a specific moment in time. This report includes a thorough, detailed description of the condition of every aspect of the property—from floors to ceilings—and is accompanied by photographic evidence. It is particularly valuable for tenants, as it provides a documented baseline that may help them avoid costly repairs by proving the property's initial condition when the lease began, especially if they are required to restore the property to that condition upon lease expiration.


For property owners, especially those who have recently refurbished the property, a Schedule of Condition can serve as key evidence to prevent disputes at the end of a lease. If a tenant has caused damage or excessive wear, this documentation helps protect the owner’s investment by showing the property’s condition at the start of the lease, potentially minimising costly legal issues.

Schedule of dilapidations

A Schedule of Dilapidations is a survey typically conducted by a property owner at the end of a lease to determine the tenant’s repair obligations and to facilitate a fair settlement of any dilapidations without the need for legal proceedings. When the extent of dilapidations is significant, a building surveyor may act as an expert mediator in negotiations, representing either the landlord or the tenant.



It’s essential that any commercial property survey is performed by a qualified, experienced surveyor who is a member of the Royal Institution of Chartered Surveyors (RICS). RICS members undergo rigorous, continuous training to maintain high standards.


For guidance on commissioning a commercial building survey, whether you are a tenant, landlord, buyer, or seller, our RICS-certified team is available to provide professional, confidential advice on the survey that best meets your needs.

HERE TO HELP:

An opening discussion, not only in relation to condition, is important but in these changing times reviewing possible development potential can be very helpful.


Our discussions are very fluid and we are always on hand to help and guide you.

Call us on 01325 480 424 email info@cowieconsulting.net or use the form below:

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