Commercial Surveys

JC Kelly & Co offers a range of services to commercial clients who intend to take either a freehold or leasehold interest in a commercial property.

For your occupation?

If you are purchasing the freehold of a building for owner occupation, then it is important that a building survey concentrates on costs that would be necessary to keep the building performing throughout your occupation, coupled with ensuring that statutory requirements are met. A building survey will give you advice as to what regular maintenance would be needed and the likely costs involved.

For investment?

If you are acquiring the freehold for investment purposes, then the purpose of the building survey report may be to assess what responsibilities may fall upon you as a landlord. Many of the day-to-day legislative and maintenance issues will normally fall on the occupying tenant, under the terms of their lease. It would, therefore, essential that your building survey concentrates on identifying matters that would specifically affect your investment.

Taking a leasehold interest?

If you are acquiring a leasehold interest in a property and will occupy the premises as a tenant, then you will need to consider both ongoing maintenance requirements throughout your lease term, coupled with an understanding of potential dilapidation liabilities at lease termination. A building survey is, therefore, important, as failure to budget for such expenditure can often place a large and unexpected financial burden on companies. Costs like these are often not factored into commercial business plans.

Schedules of Condition

If you are taking a lease in a building, then you would also be advised to consider taking a schedule of condition of the property prior to agreeing your lease. A schedule of condition is designed to limit your repairing liabilities under the terms of the proposed lease and can prove to be a very valuable document at the termination of your tenancy. Click here for more information on Schedules of Condition.

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