Anyone familiar with a commercial property lease will know rents and other payments are likely to be set out as payable on quarter days throughout the year I.e. 29 September, 25 December, 25 March and 24 June.
It is known that in Middle Ages these significant dates were used to ensure no debt rolled on (it had to be settled) and lawsuits were concluded. A reckoning was made and was publicly recorded on these dates.
"Now, thankfully, tenants are simply expected to pay rent on these dates, without such a public reckoning!!!!”.
Dilapidations are designed to show both Landlord & Tenant what work is required to put a building back into a reasonable condition. Goadsby offer advice to either of the parties involved, both landlord and tenant.
The Royal Institution of Chartered Surveyors consider it prudent to re-assess the sum insured of a commercial building every three years or whenever significant alterations and/or extensions are made to the building
Careful consideration is required when calculating the size of offices that you require, as it is important to avoid expensive relocations. Too much space and you could have unnecessary overheads and too little, could