High Street, Banbury, Oxfordshire

Project Description

We were appointed by the landlord to prepare a terminal schedule of dilapidations for a retail unit arranged over basement, ground and first to second floor levels with a full repairing and insuring lease.

Our scope of service included the following:

• Review of all relevant leases, licences and other property documentation.
• Inspection of the building and preparation of a schedule of dilapidations for service upon the tenant prior to the lease expiry.
• Following lease expiry we obtained competitive tenders for the works and negotiated a financial settlement for the loss suffered as a result of the tenant failing to yield up in accordance with the lease terms.
• As part of the negotiation we obtained a diminution valuation in order to demonstrate our client’s loss.

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