M7 real estate instructed Black Cat Building Consultancy to prepare a terminal schedule of dilapidations and negotiate a settlement in respect of these two industrial units. Black Cat was able to secure a settlement that was 74% of the original claim value, and more importantly at a very high cost rate for industrial units of £16.15/ft2.
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Core Service
Dilapidations -
Sector
Industrial -
Client Type
Tenant / Occupiers -
Location
Chard, Somerset
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Size
13,000 ft²
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Value of claim
£210,000 (74% of original claim)
This impressive settlement was achieved through our suggestion to our client that we design and tender the dilapidations work in parallel with negotiating the dilapidations settlement – this strategy encouraged the tenant into a quick settlement in the knowledge that if the landlord undertook the work then the claim would be very difficult to dispute and the value of the settlement would be high.
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