What is it about?
This article explores the use of diminution valuations in limiting damages claims in dilapidations disputes.
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Why is it important?
With little published guidance on the subject it sets out the principles to be adopted as defined in common law and based on the author's practical experience.
Perspectives
In formulating property investment strategy investors will ultimately face the problem of dealing with a property at lease end. Considering the implications of dilapidations is a small part of the analysis required to maximise asset performance
Mr David Gilbert
Royal Institution of Chartered Surveyors
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This page is a summary of: Dilapidations in the UK – diminution valuations, Journal of Property Investment & Finance, April 2015, Emerald,
DOI: 10.1108/jpif-03-2015-0020.
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