Commercial Surveys and Valuations
Selling or Letting Commercial Property?
Its a Legal Requirement from 4th January 2009.
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
A Commercial valuation will be required by a Lender if you are arranging Mortgage Finance.
Commercial Valuations may be also necessary if you are involved in the preparation of Company Accounts or in Deceased Estate Matters.
Alternatively you may need reassurance that the Price you are paying for a Commercial Building is fair and reasonable.
For a Commercial Valuation quotation click here
Each year Property needs to be insured and some policies index link the amount of cover and automatically adjust the Premium. Sometimes over a period this index linking needs to be checked to ensure that you are not over insured and paying too much for your cover.
Surveyline Surveyors can carry out Re-Instatement Valuations to check on the level of rebuilding costs applicable to your Building.