Full Reapiring & Insuring Lease

Synergy can review your lease commitment and survey the building for future maintenance  costs and ultimately assess the potential impact to your business.

Commercial  leases (FRI Leases) usually come with onerous repair and insuring liabilities that you need to be aware of before you commit to a lease,  this needs managing as part of your business finances and balance sheet.  

Business owners, financial directors and managers need to have a good understanding of what the signing or a re-negotiation of a lease is committing to in terms of impact on business & budget cost. 

Shops, restaurants, workshops, offices, commercial and industial warehouses all have this commitment so do get in touch to discuss.

Residential blocks come with commitments to pay into sinking funds or service charge costs under section 20 estimates.  Maintenance, repair and capital works can be significant so your building should have budgets and a plan in place which Synergy can assess and report on (see our PPM web page).

Lease Property Advice
Leases often involve complex repair and dilapidation liabilities that you may be adopting without realising.  Before you commit to a lease or re-neogotiate a lease you should obtain a Level 3 detailed building survey, with tailored advice on potential end term dilapidations liabilities, budgets and potential future maintenance planning.

We can help you understand your obligations, including repair responsibilities , budgets and required approvals for adaptations. 

Our advice ensures you’re fully informed before committing to a FRI ( Full Repairing & insuring) lease.

Schedule of Condition reports document the current condition of a property or building elements. These reports, available in written or photographic formats, are crucial for:

• Protecting parties' interests in contracts, lease agreements, and disputes
• Ensuring that the property's condition is properly recorded for reference in case of disputes or contractual events
• Customisation to suit your specific needs

Any lease with a repairing obligation by the tenant should have a schedule of condition in place and safeguard in the lease to limit your liability.  Synergy can provide you schedule of condition and often it will form part of our level 3 survey combined.