At the end of a long lease to an established multinational tenant the property was in reasonable condition, however extensive works were required to meet the lease requirements based on the evidence that at the start of the lease the property was let as a new build premises.
How did we help?
Applying Dowding and Reynolds five stage analysis, Vantage produced a dilapidations claim which was promptly served by the Landlord's legal team.
Like many multinationals, the established UK dilapidation process was not one they understood. Vantage are experienced in this position and introduced matters in a helpful and referenced manner, seeing this point resolve with ease.
Vantage entered into clear communication setting negotiation boundaries and reasonable time scales were put into place to channel locations in a commercial and pro active manner. By being instructed on early we were able to successfully ensure the landlord had mitigated any losses and had clear evidence to allow settlement to be reached.
Vantage recovered 100% of the landlords claim and sums were provided within days of the lease end, allowing works to proceed onsite minimising the void periods and security concerns. Project management of works preceded and subsequently the property was successfully re let to a new tenant, securing the landlord healthy yield and returns in a short time frame.
Early proactive advice is essential to success, and good communication solves all problems. Section 18 had no relevance as the reasonable loss was evidenced through a competitive tender and tendered works allowed minimised void or security issues at lease end.