Technical Due Diligence is the process of investigating the physical and technical condition of a property so that a purchaser, investor or occupier can properly understand the building before becoming committed to the transaction. For many acquisitions, a detailed...
One of the first questions clients understandably ask when purchasing a commercial property is: How much does a Commercial Building Survey cost? There is no single answer. A small retail unit is very different to a multi-storey office, warehouse or mixed-use...
When taking a commercial lease, tenants understandably focus on the rent, location, lease length and whether the premises are suitable for their business. The physical condition of the property can sometimes become secondary. That can prove to be an expensive mistake....
Buying a commercial property can represent a significant financial commitment. The purchase price is only one part of that commitment. Roof replacement, structural repairs, water ingress, defective finishes, outdated services and historic maintenance issues can...
A RICS Home Survey is a visual inspection of the property intended to provide the purchaser with an informed assessment of its condition. The precise scope depends on the level of survey instructed, but the inspection will generally consider the accessible parts of...
A Schedule of Condition is most commonly prepared at the beginning of a commercial lease, but its importance can continue until the lease expires. When the tenancy comes to an end, the original Schedule can be used as evidence when considering the tenant's obligations...
If you are a commercial tenant approaching the end of your lease and your landlord has served a Schedule of Dilapidations, you are not necessarily required to accept every item or cost claimed. A tenant can challenge a dilapidations claim where there are reasonable...
A RICS Home Survey provides an important assessment of a property's condition, but it is not a guarantee that every defect within the building will be discovered. Understanding the limitations of the inspection is just as important as understanding what the survey...
A home survey is another expense when buying a property, but identifying defects before purchase can potentially save a buyer considerably more in the long term. At Stokemont, we provide both Level 2 and Level 3 Home Surveys, as well as comprehensive Commercial...
Buying, leasing or investing in a commercial property is a significant financial commitment. While a building may appear to be in good condition during a viewing, defects, maintenance liabilities and future repair costs are not always immediately obvious. A Commercial...
