This is the term which describes the legal limit, or cap, on damages paid in dilapidations disputes. We are unparalleled experts in this field.
The chartered building surveyor prepares and negotiates the Schedule of Dilapidations (Quantified Demand), which is an Excel document setting-out and pricing remedies for the detail of the covenants in the expired lease which the tenant allegedly breached in terms of repairs, decorating and reinstating alterations.
But because the actual impact on the property's open market value is often far less than even the tenant building surveyor's assessment of total Cost of Works, legislation provides that the damages ultimately paid should be the lower of the two.
Assessing the impact on the value of the property is the specialism of the chartered valuation surveyor (valuer). We have led the way in developing and evolving the most effective and powerfully persuasive application of this legal limit, or statutory cap, throughout the United Kingdom and Ireland.
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