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Property Condition Reports

The Property Condition Report summarises the known condition of the property at the time of acquiring the asset. The detailed, professional knowledge it imparts enables those investing to understand and manage the risks posed by the property. It pulls together and is built upon the following professional information:

Property condition / schedule of dilapidations

  • Building services condition and lifecycle
  • Maintenance, preventative maintenance and replacement costs over time
  • Capital investment, timescale and payback periods
  • Environmental assessment (with a joint venture partner)

What’s Included:

  1. Site, features & history
  2. Structure including foundations, framework etc
  3. Envelope (windows and walls)
  4. Internal features such as stairs, corridors, Common Areas etc
  5. Roof
  6. Mechanical
  7. Electrical
  8. Plumbing and Drainage
  9. Lifts / vertical transportation
  10. Summary

Documents to Support the Condition Report

The Property Condition Report is supported by contemporaneous records, photographs and other ‘live’ data relative to the property. This could include an EPC or DEC.The report deliberately leaves compliance issues out because the ASAP Comply Property Health & Safety Report covers this area of risk in great detail.

ISO 9001 ISO 45001 ISO 14001

ISO 9001:2015 Certificate Number 9890-QMS-001

ISO 14001:2015 Certificate Number 9890-EMS-001

ISO 45001:2018 Cert. Number 9890-HAS-001

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