Premises condition reporting

Independent evidence of the condition of premises at the commencement of a lease.

The Premises Condition Report (PCR) allows landlords and tenants to record what premises looked like at the lease commencement. They provide clarity of the reinstatement or lease exit obligations, as well as a baseline of what tenants' maintenance obligations should be.

Why are PCRs necessary?

Large commercial organisations must report their lease make good liabilities on their balance sheets. When a key person who signs their organisation up to a lease leaves, those left behind can be exposed to expensive make good claims if no PCR of condition at lease commencement is attached to the lease.

All too often, those left behind in the organisation are usually unaware of the specific lease obligations, particularly in relation to make good.

The absence of a PCR can be costly.

A well-prepared PCR early on adds massive value to the parties to a lease. PCRs provide a well-documented photographic record of the building's condition at lease commencement. They can protect tenants at lease end and prior to lease end when landlords want the demised premises offered up by the tenant in line with the lease terms.
Highly detailed and commercially focused, our PCRs are certified by both parties to the lease as a true representation of the condition of the premises at the date of inspection.