Building dilapidation describes the condition of a building as it moves into decay and waste due to its age or due to damage. Continuous neglect of any maintenance is the most common cause for older builds to fall into dilapidation.
Buildings can fall into dilapidation due to both physical and economic factors. Physical factors normally describe when a premises or property has a need for repair due to decay or damage. But a building can also fall foul to economic dilapidation whereby it is no longer fit for it’s required purpose.
Property Experts such as HORDE are best consulted when deciding on repair or refurbishment, as a combination of factors can determine the costs, schedule and impacts on the immediate community around the building.
In rental or leasing scenarios, dilapidation costs describe the fees involved in putting the property back to it’s original, pre-let state. This can include repairs or reinstating/removing and alterations made during the lease or let. HORDE act on behalf of both landlords and tennants to resolve any disputes in the schedule of dilapidations.