If you are purchasing Commercial Premises you are well advised to commission a Building Survey in order to fully assess the condition of the property you are about to buy prior to agreeing to purchase the property. The condition and cost of repair may have a bearing on the price you are willing to pay.
If you are taking a Lease on a Commercial Building, it is likely that you will be responsible for repairs under the terms of the lease.
If a Schedule of Condition (which evidences the condition at the commencement of the Lease) cannot be agreed with the Landlord, you may be liable for repair not only throughout the term of the lease but also responsible for bringing the property up to a certain standard when the lease expires.
The cost of these works could be substantial.
For a Commercial Survey Quotation, click here
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