The importance of having an accurate Schedule of Condition legally incorporated into the Lease at its commencement cannot be over-stated. For example, a single photograph of a delaminated or corroded roof sheet has the potential to save many thousands of pounds come lease end.Daniel Leaf – Director
A Schedule of Condition accurately records the condition of a property in detail. The document typically includes:
The Schedule of Condition should be appended to the Lease. By referencing the Schedule of Condition and Photographic Schedule in the Lease, an agreed understanding of the condition of the property at the start of the Lease is created and therefore clearer expectations on the Landlord and Tenant at the Lease Termination. Merely holding photographs ‘on file’ would not generally limit a Tenant’s obligations if there is no Schedule of Condition appended to the Lease.