Our Approach to Dilapidations Across Europe
People
- We are one team, we know each other, and we work well together
- Our team is geographically spread to service EMEA Portfolios
Experience
- We employ the ‘Best in Class’, to deliver the ‘Best in Class’. We are experts in Dilapidations
- We aim to provide ‘Cradle to Grave’ occupier services
Knowledge
- We make it our business to understand local law and culture in relation to Dilapidations
- We are highly commercial and experienced negotiators and we are adept at thinking outside the box
Process
- We deliver each project to the highest Quality and standard, ensuring parity, through one point of contact, no matter where the project is located
- We are confident we add value. KPI’s will measure speed of delivery, quality, and negotiated reductions with landlords. We have a proven track record of delivering substantial savings against Landlord’s Claims
Expertise
- Exit Strategy and Recommendations
- Negotiating settlements on behalf of both Landlords and Tenants
- Dilapidations Assessments and Terminal Schedules
- Break Clause advise (UK)
- Expert Witness
- Reinstatement and repair works
- Our services include entire portfolios regardless of EMEA location
- We employ a forensic and analytical approach
Unique challenges
Most commercial leases place obligations on a tenant to keep a property in a certain state of repair and decoration. Dilapidations refers to a state of repair and decorative order that falls below the level required by the lease.
Across the EMEA these obligations and actions at the end of a lease term for both landlord and tenants varies, as well as the professional advisors involved as part of the end of term negotiations. Cushman & Wakefield LLP have extensive experience within this field to strategic advice and support.
Principle differences to dilapidations across EMEA
- Occupational Basis – full or internal repairing terms
- End of term actions required by tenants
- Legal and Statutory Compliance
- Level of reinstatement obligations at the end of term
- Extent of professional advisors involved
- Potential for conflict where dilapidations arise
We understand Law and Cultural differences across EMEA;
Our Solution
We have a comprehensive network of Cushman & Wakefield LLP offices. We will appoint the professional team undertaking the project on the following merits;
- Experience and ability relating to Dilapidations
- Commercial awareness
- Location and understanding of the local laws and culture
- Understanding of local leasehold obligations
We approach dilapidations forensically. We gather data, apply local market considerations, and assess the Landlord or Tenant’s requirements and circumstances. Only then will we formulate dilapidations strategies, recommendations and undertake inspections. Our strategy is adapted as conditions evolve.
We have a network of specialist Consultants that are best in their class to ensure our high standards are also met and the advice is provided at competitive rates
We apply lateral thinking and commercial awareness when negotiating Dilapidations, ensuring we achieve substantial results in difficult circumstances