A Layman’s Guide to Dilapidations: Understanding Your Liabilities as a Commercial Tenant
When leasing a property, it’s essential to understand a term that often catches commercial tenants and landlords off-guard—dilapidations. Put simply, dilapidations refer to any repairs or maintenance required to return a property to the condition as set out in a lease agreement. If you’re a commercial tenant or prospective commercial tenant, understanding your dilapidation liabilities … Read more
