Schedule of Condition

Schedule of Condition

Case Studies - Schedule of Condition

A schedule of condition details the existing condition of a building at a specific point in time, which is usually used when leasing, purchasing, updating property assets or change of ownership. It is an item-by-item account describing the elements of the building, their condition and recorded in a written report with photographic evidence.

Why a Schedule of Condition report is important?

Schedule of Condition reports are particularly important to commercial and industrial tenants as usually commercial and industrial leases will stipulate that the tenant is responsible for repairs at the end of the lease. A schedule of condition report signed and incorporated into the lease prior to signature will help to reduce your legal liabilities and minimise make good risk at lease termination.

The main purpose of a schedule of condition is to:

• Record the condition of a building at a particular point in time.
• Limit the liability of the tenant with regard to the current condition of the property at the time of occupation.
• Show an accurate assessment of the building condition at lease commencement to limit and determine the Make Good claims on termination of the lease.
• Identify damage or issues with an existing building which can be then used to assist with maintenance of the asset.

Schedule of Condition Services

Washington Brown provides professional advice and reporting for Schedule of Condition reports. Our service includes:

• Onsite inspection of the building elements in accordance with the client brief.
• Production of an impartial written and photographic report in chronological order identifying the current building condition, spilt into individual building elements, which can then be incorporated into a legal document.
• Liaison with lawyers and other client team members with regards to including the document as an appendix in a lease.
• Completion inspection on lease termination if required and make good assistance.

When to use a Schedule of Condition

Why Washington Brown?

• We are committed to excellent client service. We will undertake the survey within five working days of Client Instruction and will have the report complete within ten working days.
• Our Building Consultancy Division has extensive experience in Schedules of Condition reports on all property types including commercial, retail, industrial and warehouse properties and are considered experts within their specialist field.
• We are members of the Royal Institution of Chartered Surveyors (RICS) and members of the Australian Institute of Quantity Surveyors.
• Established for over 30 years, we have built up an extensive database of knowledge and experience within the construction industry.

How much does a Schedule of Condition Report Cost?

The cost of preparing a Schedule of Condition will vary depending on the type of property, location, size, complexity and the extent of the detail required. We will usually be able to provide you with a fee quotation within the same day as the enquiry.