Speedpart Ltd
(Greenhill Industrial Estate, Birmingham Road, Kidderminster)
CHB Consult acted on behalf of the landlord to provide dilapidation and lease advice on large industrial unit. The building had been subject to a long lease and the tenant had gone into liquidation and had neglected the repairs of the building.
The strategy adopted was the preparation of a detailed Schedule of Dilapidations on behalf of the landlord served on the tenant. This was a two pronged negotiation in respect of works that actually needed doing and a financial settlement for the diminution in the value of the landlord’s freehold interest.
CHB Consult put forward a recommended approach and carried out negotiations against the tenant / liquidator which resulted in a payment to the landlord.