Schedules of Conditions are predominantly used when taking new lease. They help when agreeing dilapidation’s at the end of the lease. A detailed Schedule of Condition prepared in advance of the commencement of a lease can save thousands of pounds in dilapidation claims at the lease termination! It will identify the property’s state of repair and record all defects at a given date.
Schedules of Condition also play a vital role in party wall agreements to help record any damage following construction work undertaken by neighbouring owners.