How to calculate a dilapidations provision?
I need to calculate a dilapidations provisions for an office lease expiring in 5 years.
Its a fiarly normal office, the dilapidations will be painting, carpeting, some equipment removal and partition restoration. We'll get the cost assessed formally in the last year of the lease. But in the meantime, I need to start accruing a provision.
What £ per square foot cost or range of costs is typical for a normal dilpaidations?