Our evidence-based dilapidation approach provides outcomes better than any other consultant. Get the best retail, office & warehouse dilapidations expertise you can find from Vantage.
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Our Dilapidation Process
Our dilapidation framework has been developed through an evidence-based approach. Our process allows for the identification of value-adding opportunities which we then build a bespoke strategy around.
We recognise that there is financial value in the speed of resolution, therefore timings are key in the formulation of every one of our dilapidation strategies.
Managed by leading RICS dilapidation specialists we continually review our practices with our legal partners alongside our dedicated Dilapidations Manager who proactively manages every job.
Our Project Process
Our Project framework has been developed through collaboration with our partners and clients, applying a value-centric process.
Unsure how to get the right result? We have it covered. Managed by experienced project managers we work hard to get you the result needed to meet budget time and quality.
Warehouse Dilapidations are all about timing and preparation, whether you are a landlord or a tenant. We have the skill to advise you on all warehouse dilapidation matters, small or large, from interim claims to liability assessments.
All commercial leases will require the tenant to keep the property in a good condition and to carry out any repairs needed under the terms of the lease. Commercial Dilapidations refer to the damages or defects to the property as a result of the tenant breaching the terms of the lease.
How we help with warehouse dilapidations
In most cases, the landlord has the right to make a dilapidation claim, where they will essentially list the property's deterioration and ask the tenant to make the repairs or pay to have them fixed. This can happen at any time during the lease, or indeed at the end of the lease, so it is important to consider dilapidations before signing a commercial lease.
Before entering into a commercial lease, it is important that both the landlord and the tenant understand the terms of the lease in relation to dilapidations (e.g. interior decoration or structural maintenance) and, if needed, the terms are negotiated to better suit the tenant or landlord. This will mean that there can be no misunderstandings from the outset.
How we help with warehouse leases
At the end of a commercial lease, the landlord is entitled to claim the cost of the repairs that the tenant did not carry out and the loss of rent for the period of time needed to get the repairs fixed. This can result in a hefty bill, particularly if the tenant is liable for structural repairs as well as the decoration of the interior. Therefore, it is important that the tenant understands their dilapidations liability and that the landlord is comfortable that the tenant is able to afford any repairs to the property for the duration of the lease.
Get warehouse dilapidation expert opinion from Vantage
Our dilapidation team has 75 years of experience in office, warehouse, and retail dilapidations, providing the best service possible to our clients. We chair RICS events, contribute to dilapidation regulations and publications, as well as educate our clients and peers on how we can be better dilapidation practitioners.