Schedule of Conditions

It’s a huge gamble to enter into a lease on a commercial building before you’ve seen a Schedule of Conditions. Most people would regard it as unthinkable, so don’t take risks – arrange a Schedule of Conditions with Holborn Office Space. A Schedule of Conditions tells you about the state of a property in detail and provides various advantages. It can help you to avoid future disputes with a landlord and can help you to prove that you weren’t responsible for any damage that already existed before you entered a property.

A Schedule of Conditions usually features text and photographs and reports the internal and/or external state of the building. We can help you to obtain a detailed Schedule of Conditions before you sign a lease, no matter whether you’ll be moving in for years or just a few months.

Let’s look at the two types of commercial lease.

  • FRI (Fully Repairing and Insuring): With this type of lease, tenants are responsible for looking after the exterior and interior or a building
  • IRI (Internally Repairing and Insuring): When an IRI is in place, the tenant only has to take care of the interior.

Tenants usually realise how valuable a Schedule of Conditions is at the end of a tenancy – the time when most tenant-landlord disagreements arise. A Schedule of Conditions can then be used to clear up any confusion about where responsibilities lie. We’re waiting to hear from you if you need a Schedule of Conditions in Holborn.

To obtain more information contact ava@holbornoffices.london.