20 July 2016
How retailers can best manage the risk of dilapidations
As with any other commercial property, tenants occupying retail units are likely to be obligated to keep the property in a good state of repair. Should the tenant neglect to do so, the landlord then has the right to take action, which may include a claim for significant monetary sums.
It is therefore crucial that retail tenants are aware of their property repair obligations and actively seek to minimize their liabilities throughout the term of their lease.
In an article published online by International Supermarket News, Shulmans’ Richard Robinson, an expert in property dilapidations, explains the risks tenants need to be aware of and the steps that they can take to avoid or reduce the consequences of a claim.