A Schedule of Condition can be required for a multitude of reasons, both residential and commercial.
In commercial property circumstances, a Schedule of Condition may be required when a leaseholder is entering into a lease whereby their repairing obligations are limited to that of keeping the premises in no better nor no worse condition than as at the commencement of the lease. In such circumstances, evidence of that condition will be required and it will usually take the form of a ‘Schedule of Condition’. Although there is no legal definition of the term ‘Schedule of Condition’, it usually requires a narrative description of the property in question to be accompanied by photographic evidence.
In the case of both residential and commercial properties, where the Party Wall etc Act 1996 applies, a Schedule of Condition is usually prepared, once again, to provide evidence of the state of repair of any neighbouring building prior to building works being carried out at the neighbouring or adjoining property. The Schedule of Condition can be referred to at any time, either during the course of the works or after completion in order to ascertain whether damage has occurred to the neighbouring property.
David Cooper Associates Chartered Surveyors are regularly instructed to prepare Schedules of Condition on behalf of property owners, landlords and tenants for incorporation into a Lease, for Party Wall purposes or for any other relevant purpose.