The Final Invoice: Budgeting for UK Office Dilapidations Before the Lease Is Signed in 2026
Dilapidations are often treated as a distant exit cost, but they can materially change the value of a UK office lease from the day it is signed. This article sets out how small tenants can audit repair and reinstatement obligations, negotiate caps and schedules of condition, and build a realistic end-of-term provision into their occupation decision.