MikeMusic
28-02-2013, 09:34
We're producing work faster in less space so it makes sense to move factory at the end of this lease and save almost half the rent and rates.
Print, even complicated books like we produce are demanded faster than ever now. In today out tomorrow or even out today ! It cannot hang around
Will cost to move, but the big, huge killer is the 'dilapidations' for the unit we are currently in. I thought the landlord was a decent, straight sort of guy.
I have changed my opinion.
I've been given a list of work to be done which comes to £46,000 + some other extras, say £50,000 maybe more. I know some things have to be done and I agree with that but what they are asking for is taking the pee. This is a nice unit in already good condition, built in the early 90s well specced
We got a very good deal on rent here for the nearly 4 years we have been here. I hadn't realised the scale of the dilapidations they would put in at the end of the lease
So what can you do ?
Be careful before you sign any lease - surprise
1. Read the terms of the lease very carefully. Not so much full repair and maintenance, IE. you have to do everything, that's normal, with few exceptions. Most important is what happens when you move on. You need to see a copy of someone else's dilapidations to appreciate the sheer scale of what can legally be asked for. Ask very pointed questions about what the landlord or agent currently asks for, get it written into the lease if needs be.
*But* the way of the world is that whatever they ask for today will become telephone numbers when you move as more landlords catch on to this great scam/way to make money and upgrade their properties for free.
2. Get a 'Schedule of condition' if you can and have it written into the lease before you sign
This means you only have to bring the place up to the standard it was in when you moved in.
Whoever your landlord is today could sell out to a big corporate with very large teeth and they can use a really unpleasant managing agent who will rape you.
When we left our first building in 1990 the landlord came in, spent 5-10 minutes looking around, said "Fine" and we went and had a beer.
Times changed.
When we moved in 2009 after being in our 2nd unit for 20 years we were hit with an initial estimate of £75,000
I got that down by spending more money on a specialist dilapidations surveyor who of course I had to pay. His fees were easily paid for by the savings.
Now it seems to have stabilised and you are likely in for only a little less than the estimate.
There are also specialist firms who do dilapidations
It's a whole industry
Be dead careful before signing a lease !
Print, even complicated books like we produce are demanded faster than ever now. In today out tomorrow or even out today ! It cannot hang around
Will cost to move, but the big, huge killer is the 'dilapidations' for the unit we are currently in. I thought the landlord was a decent, straight sort of guy.
I have changed my opinion.
I've been given a list of work to be done which comes to £46,000 + some other extras, say £50,000 maybe more. I know some things have to be done and I agree with that but what they are asking for is taking the pee. This is a nice unit in already good condition, built in the early 90s well specced
We got a very good deal on rent here for the nearly 4 years we have been here. I hadn't realised the scale of the dilapidations they would put in at the end of the lease
So what can you do ?
Be careful before you sign any lease - surprise
1. Read the terms of the lease very carefully. Not so much full repair and maintenance, IE. you have to do everything, that's normal, with few exceptions. Most important is what happens when you move on. You need to see a copy of someone else's dilapidations to appreciate the sheer scale of what can legally be asked for. Ask very pointed questions about what the landlord or agent currently asks for, get it written into the lease if needs be.
*But* the way of the world is that whatever they ask for today will become telephone numbers when you move as more landlords catch on to this great scam/way to make money and upgrade their properties for free.
2. Get a 'Schedule of condition' if you can and have it written into the lease before you sign
This means you only have to bring the place up to the standard it was in when you moved in.
Whoever your landlord is today could sell out to a big corporate with very large teeth and they can use a really unpleasant managing agent who will rape you.
When we left our first building in 1990 the landlord came in, spent 5-10 minutes looking around, said "Fine" and we went and had a beer.
Times changed.
When we moved in 2009 after being in our 2nd unit for 20 years we were hit with an initial estimate of £75,000
I got that down by spending more money on a specialist dilapidations surveyor who of course I had to pay. His fees were easily paid for by the savings.
Now it seems to have stabilised and you are likely in for only a little less than the estimate.
There are also specialist firms who do dilapidations
It's a whole industry
Be dead careful before signing a lease !