Those who are considering purchasing commercial premises are strongly advised to commission a building survey on the properties (otherwise known as commercial surveys).
The Purpose of Commercial Surveys
Commercial surveys are similar to residential surveys in that their primary purpose is to assess the condition of a property and identify any problems there may be.
It is imperative that the purchaser of a commercial property is fully aware of the condition of the dwelling they are buying. Commercial surveys may identify issues in the building’s condition that affect the valuation of the property.
The condition and cost of repair of a property will almost certainly have some bearing on what you are prepared to pay for the property. The cost of repair work may end up being substantial, so you will want to know about it before you purchase the property.
David Moor Commercial Survey Specialists
As well as producing pre-lease and purchase surveys, David Moor also prepare schedules of conditions and schedules of dilapidation for commercial property. These are essential in the avoidance and negotiation of claims for disrepair.
Most lease terms are Full Repairing and Insuring (F.R.I) which means that the tenant accepts responsibility for the repair and maintenance of the property. It is for this reason that prospective tenants are advised to have a commercial survey done on the condition of the property before they enter a legal commitment.