A schedule of condition is a survey is commissioned before the signing of a lease in order to determine the condition of the building so that existing defects and their repair costs are identified prior to any commitment being made.

Commercial leases usually stipulate that the tenant is responsible for any repairs during and at the end of a tenancy, so it is vital that you fully understand your potential liabilities before signing your lease.

A schedule of condition can usually be used to negotiate with your landlord to have immediate defects corrected prior to your taking over the lease and thus save you considerable sums of money.

A properly prepared schedule of condition, agreed with the lessor, will in most cases, limit your liabilities to future deterioration only.

At the end of your lease, you will then need a Schedule of Dilapidations in order to counter any dilapidations claim made by your landlord.

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