In taking on a commercial lease, the landlord will seek to transfer the risk associated with the condition of the property to the new leaseholder. Leaseholders can protect themselves by having a building survey carried out prior to signing the lease, in order to determine the condition of the property.

A schedule of condition will record the state of the premises and provide a benchmark condition to which the property must be returned at the end of the lease. Without this document commercial tenants can face large costs in returning previously occupied premises to an 'as new' condition at the end of their lease. 

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