A condition survey considers the condition of a building, part of a building, estate or portfolio compared to a predetermined standard, to identify any actions necessary to bring the property up to that standard and keep it there. For owners, occupiers and managers, a condition survey identifies maintenance and repair work, and the timescale for undertaking that work, thereby permitting budgeting, the assessment of compliance and strategic planning. For investors, a condition survey serves as an audit measuring the condition of their asset, while for purchasers, such a survey assists in asset valuation by identifying repair and dilapidation liabilities.
Also known as Schedules of Condition (SOC)
75 King William Street, London, EC4N 7BE
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24 Greville Street, London, EC1N 8SS
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