If you are a property investor leasing a commercial property it is essential that you take every step to ensure protection for both yourself and your tenant and to save yourself any unnecessary expense in the future. Sometimes disputes can arise regarding the condition of a property when a lease reaches its point of termination and it is for this reason you need a schedule of condition. It is absolutely crucial for all parties that you receive a professional, impartial and independent report for the purposes of tenancy dispute resolution.At Sears Property Services we offer competent commercial inventories North London landlords can trust in completely. We will deliver an efficient report that adheres to all guidelines of the Tenancy Deposit Protection Scheme. There are three government approved schemes and all deposits for Assured Shorthold Tenancies must be registered with one of them.When a landlord and tenant enter into a contract they make a commitment to each other and it is in the best interests of both parties to begin the partnership with a professional report. Hopefully your tenants will maintain the condition of your property but there is always the possibility that properties can incur damage and if this is the case a schedule of condition that the landlord is in full agreement with will prove indispensable at the cessation of the lease.In the event of a dispute the process is very simple. A schedule of dilapidations is produced highlighting the present condition of the property and compared with the original document in order to reach a point of settlement. An inventory delivers clarity and allows the repairs to be undertaken, any financial debts to be settled and both parties to move on with peace of mind that the tenancy concluded appropriately.Landlords and tenants can have complete confidence in the fact that the documents will be produced entirely independently. In the event of a dispute the documents will be passed on to an adjudicator for review so we take every step to produce a thoroughly detailed and objective report. This legislation is immensely important as tenants receive full protection but as it is required of landlords to prove their case all the evidence they may need is at their disposal.Investing in property is a huge financial outlay with promising returns on your investment but protection is of tremendous importance and we provide commercial inventories North London landlords can benefit from extensively.
