Survey of commercial leasehold property

Abstract

In considering property for this Checkpoint article I have not listed a specific method of construction but have set out to comment on the survey of properties which are held under a Lease. One may consider that it is unreasonable to regard the inspection of such a property as being in any way materially different from the inspection of a Freehold commercial building. There is one major difference: with a Freehold dwelling you are advising your client of the liabilities and obligations that he may have to accept if he proceeds with the acquisition of the property that you are inspecting. You will have advised him on the probabilities of the need to maintain and repair certain sections of the building and ventured forth with informed advice on the cost of looking after the buildings.

Citation

Hollis, M. (1984), "Survey of commercial leasehold property", Structural Survey, Vol. 2 No. 4, pp. 389-394. https://doi.org/10.1108/eb006199