Whether you’re a landlord or tenant, if you require a comprehensive overview of a property’s condition, TCL Chartered Surveyors’ Schedule of Condition is an essential investment.
Whether you’re a landlord or tenant, if you require a comprehensive overview of a property’s condition, TCL Chartered Surveyors’ Schedule of Condition is an essential investment.
A Schedule of Condition (SoC) is a comprehensive report that documents the state of a property at a particular moment in time. It is commonly utilised in property transactions, such as lease agreements, property purchases, and dilapidation surveys. A SoC can protect parties entering into a lease from unnecessary repairing obligations. We strongly recommend it.
Providing both written and photographic support, a SoC offers an easy-to-read statement of fact. So, upon expiration of a lease term or completion of renovation work, the likelihood of a discrepancy regarding a building’s condition is significantly reduced.
Without a SoC, a tenant risks being required to restore the property to a state that exceeds its original condition prior to the tenancy agreement.
Our Schedule of Condition even form part of Party Wall Awards, so that a property can be effectively inspected following the completion of notifiable work. (See Party Wall.)