Schedule of Condition

If you’re a business looking to take on a commercial lease or a landlord leasing out your premises, a schedule of condition is an important document which will help protect your interests and assets in the future. It includes a detailed visual inspection of the property both internally and externally, followed by a written report and photographic schedule.

The schedule is designed to give an accurate snapshot of the property’s condition. It should be completed prior to the lease commencing (and before formal signature) and appended to the lease to form part of the lease agreement.

A schedule of condition will help minimise the chances of any future claims or disputes over the cause of damage on exiting a lease.