Central Head Office: Radius Consulting 1 New Park Place Pride Park Derby DE24 8DZ
Midlands & Scotland 0845 673 3009
0207 887 6425
Main Contacts: Paul Raeburn 07970 512313
Neil Burridge 07904 166545
About Radius Consulting
The recession has seen many corporate operators reduce their costly property exposure by “walking away” at lease expiry.
Whilst most closure costs can be reasonably predicted, those relating to dilapidations can hang like a sword of Damocles, creating budgetary uncertainty and unwelcome accruals for finance directors well beyond lease expiry and vacations.
We have the strategy for addressing these issues.
We are a firm of Chartered Surveyors with our Head Office facility located in the centre of England, thereby best placed to assist its Directors and Associates operating throughout England & Wales. We also have an office in Scotland, covering Scotland & Ireland.
We are the only firm of Chartered Surveyors specialising in providing landlords and tenants with commercial property valuation advice in the context of dilapidations claims.
Our “Welcome to Radius Consulting” page briefly explains the legal position as to open market valuation advice in the context of dilapidations claims in both Scotland & Ireland.
The absolute cap that applies in England & Wales is enacted by way of section 18 (1) of the Landlord & Tenant Act 1927 which effectively provides that a landlord’s damages claim in respect of a tenant’s repairing obligations under a lease shall not exceed the amount (if any) by which the value of the property is reduced due to the disrepair.
Further, that no damages will be payable if it is shown that the premises, in whatever state of repair they might be, would at, or shortly after, the lease end be pulled down or otherwise substantially altered.
These are commonly referred to as the “First Limb” and “Second Limb”.
We receive instructions from fellow professionals including building surveyors, solicitors and barristers, as well as an enviable collection of blue chip companies. Some of our Clients are shared with our sister company which provides a broader range of related services in respect of retail and commercial property valuation and agency advice.