We acted for the tenant where the landlord had carried out and paid for repairs for alleged disrepair amounting to £1,200,000 in total. The diminution valuation established that much of the work was carried out to match market conditions and therefore supersession applied. We were able to prove for instance that the market required more power and data points so the original wiring would have to be replaced notwithstanding that it was in poor repair, the tenant did not have to contribute. We managed to settle the claim at £375,000.
Offices in London
Edge of Town Retail
We acted for the tenant of a former DIY store who had been served with a claim of around £600,000. The diminution valuation showed that the highest value for the site was achieved by residential redevelopment with part demolition and part conversion. As a result, the claim was reduced to the external areas of the property to be converted a figure of around £35,000.
Home Counties Office
We acted for the tenant where a substantial dilapidations claim was made at lease termination. Our diminution valuation included a development appraisal showing that conversion to residential was the optimum approach. As a result supersession applied and the £350,000 claim settled at £100,000.
Former DIY Store
We acted for the former tenant and were able to prove that there was no market for a unit of this size. Accordingly, the hypothetical purchaser would break the unit into eight smaller units. In addition the roof required replacement to achieve satisfactory rating under the provisions of the Energy Act 2011. Supersession therefore applied to much of the £300,000 claim and a settlement was achieved around £50,000.