Theoretical Considerations of Dilapidation
Legal Framework:
Understanding the legal context is crucial. Lease agreements often include
clauses that specify the tenant's responsibility for repairs and
maintenance. Key legal terms include:
Full Repair and Insurance (FRI) Leases: The tenant is responsible for all
repairs and insuring the property. Tenant Repairing Obligations: Specifies
the extent of repairs and maintenance required from the tenant.
Building Standards:
Dilapidation assessments must consider national and local building
codes and standards, ensuring that repairs meet current regulatory
requirements.
Property Condition Assessment:
Evaluating the current condition involves identifying and
documenting defects, understanding their causes, and determining the
necessary remedial actions.
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