Dilapidations: Pricing Cost or Chasing Value

Online content includes 120 days access from the date of purchase.

All purchases are for a single user only.

Dilapidations have long stood at the crossroads between law, valuation, and building practice — but the real question remains: are we pricing cost, or are we chasing value? This talk will look at the following:

• Appreciating the key mission of the yielding up clause
• Interpreting key lease words – decoration, disrepair, defect and dilapidation
• Determining the boundaries of the dilapidations’ liability
• Explaining whether the liability can cover replacement and improvement
• Handling over exaggerated demands
• Appraising some recent issues in court cases
• Reviewing the dispute arena and expert witness role in relation to dilapidations
• Contrasting the way courts in the UK determine liability

Derek S Bruce, Academic and Chartered Surveyor, City St George’s, University of London