Transforming fortunes
Eade, C.
Transforming fortunes - 1995 - Property Week 50(8) 23 February 1995, 20-21(2) .
Many landlords are using dilapidations money received from tenants at the end of 25-year lease to update 1970s buildings into marketable space. Advises on limited legal means for tenants to challenge landlords figures such as diminution in value and proving intention to demolish. RICS is to publish guidance on dealing with claims. Case study.
25-YEAR LEASES
Dilapidations
ORIGINAL CONDITION
RESTORATION
Transforming fortunes - 1995 - Property Week 50(8) 23 February 1995, 20-21(2) .
Many landlords are using dilapidations money received from tenants at the end of 25-year lease to update 1970s buildings into marketable space. Advises on limited legal means for tenants to challenge landlords figures such as diminution in value and proving intention to demolish. RICS is to publish guidance on dealing with claims. Case study.
25-YEAR LEASES
Dilapidations
ORIGINAL CONDITION
RESTORATION