Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
https://edgbaston.com https://www.senatehome.co.uk

Commercial property landlords are missing out

The high number of retail business failures means that many commercial property landlords are not only losing on rent, but on dilapidations payments to repair their properties, according to a Birmingham building surveyor.

Akim Kamangira, head of building consultancy at independent commercial property agency KWB, said one solution was for landlords to insist that tenants repair their properties mid-way through a lease.

“Normally dilapidations are settled at the end of a lease when the tenant moves out, but landlords can undertake property inspections and serve a schedule of dilapidations at any time during the lease, depending on the provisions of the lease,” said Mr Kamangira.

“An interim schedule of dilapidations will help protect the value of the property and ensure that proper maintenance is being carried out. This is especially useful if the tenant is struggling to pay the rent, or is perhaps part of a property sector which is under pressure, such as retail.

“Landlords should review all their leases and consider commissioning inspections on properties where there is less than half the lease to run, or where they are particularly concerned about their tenant.  This way they can ensure that if the tenant does go out of business, then at least their premises are in a reasonable state of repair and can be easily re-let.”

KWB’s building surveyors prepare schedules of dilapidations and condition reports for landlords and tenants and have many years’ experience negotiating and advising clients on dilapidations claims ranging from £2,000 to multi-million pound claims.

With offices in Birmingham and Solihull, KWB is an independent firm of chartered surveyors which offers a comprehensive commercial property service across the West Midlands.  KWB has been trading for more than 30 years and its senior management team has in excess of 200 years combined professional experience.

Pictured: Akim Kamangira


Small businesses struggle to find office space

No sign of new plots coming onto the market, agents say

9th November 2018

Accountancy firm acquires offices

Commercial property agency confirms deal

31st May 2019

Charity tie-up to celebrate milestones

Two organisations join forces to mark their 30th anniversaries

29th April 2019

Landmark property up for sale

West Bromwich office block attracts great interest

10th September 2019

New tenant and expansion at city property

Office space continues to prove popular

13th November 2019

Hagley Road construction team taking shape

Project managers on board for project

19th December 2018

Is serviced office boom coming to an end?

Commercial property experts share their thoughts

1st April 2019

Association finds recipe for success

Dietitians move just a few streets to new offices

8th November 2019

Kirsty Cove

Head of sales and lettings at FleetMilne

15th May 2019

Shopping parade is fully-let for first time

Property and investment specialists sign up final tenant

28th June 2019

Lunch is a networking success

Licensed property experts enjoy informal event

15th October 2019

New director steps up

Sales and marketing expert is promoted at commercial property portal

5th April 2019

First look inside new Edgbaston built-to-rent apartments

£37 million scheme on Hagley Road is taking shape

5th February 2019

Landmark building is for sale

Well-known West Bromwich property on the market

1st July 2019

Engineering practice expands its team

New face joins colleagues at Fort Dunlop base

20th August 2019