The first important thing to point out is that a schedule of condition report is not the same as a RICS Condition Survey. While the schedule of condition report contains information about the physical condition of various common elements of a property at that moment in time, it does not contain advice regarding remedial actions that are needed to resolve any issues identified in the schedule of condition report.

In cases where a concern is highlighted, we recommend you seek the services of a Chartered Surveyor, who can investigate more thoroughly and offer advice on what would be required to resolve the issue.

However, the information provided in the schedule of condition is useful to sellers, buyers and lenders, who will be able to rely on it legally as an accurate report. These schedules are therefore often produced prior to the beginning of a lease term as they can be helpful in reducing a tenant’s lease obligations or liability, especially in a commercial setting. They are also often used in association with a Party Wall award, prior to any building work being carried out.

What does a Schedule of Condition report include?

A schedule of condition report is made up of a brief overview of the property or building. Amongst other things, this summary will include information such as the location of the property, the materials used in its construction, as well as the layout and size of the property.

A summary of the overall condition of the property will then be followed by a description of individual components of the building, which will have a classification of their condition assigned to them, ranging from very poor to very good. If possible, a photograph of the relevant area or element of the building will also be included.

When do I need a Schedule of Condition report?

As stated above, a schedule of condition is normally used before building work is undertaken or a lease agreement is entered into. The purpose of the report is to limit the liability of one of the parties, for example the person entering into the lease, to ensure that they cannot be held responsible for any element of the property to be in a better state of repair than it was when the schedule was produced.

While only one party is responsible for commissioning a schedule of condition report, it is advisable that all relevant parties review and approve it. It is also recommended that the report is produced as close as possible to the start date of the lease term or the building work being carried out. This ensures that the condition of the building is recorded is as accurate as possible when the lease or building work commences and therefore avoids confusion and reduces the risk of disputes later on.

How AWH can help

Whether you need a schedule of condition report or a Building Survey, our Chartered Surveyors have years of combined experience in carrying out condition reports for both commercial and residential properties.

Not sure which report you need? Our expert team are on hand to advise you. Just call 0800 071 5517 or email admin@awh.co.uk.

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