Boulton House, 17-21 Chorlton Street, Manchester (image courtesy of Co-Star)
Faced with a £40,000 claim for dilapidations, Well Dunn Insurance sought professional advice on how best to minimise its liabilities.
After five years based in Manchester’s Boulton House, Insurance broker Well Dunn Insurance Services has decided to buy its own building and relocate its 50 staff to the suburbs. This move might well be a sign of things to come as workstyles change as a result of COVID-19. The company plans to vacate its 5,000 sq.ft. suite in October 2020.
TAG has been appointed to mitigate the company’s dilapidations and re-instatement liabilities. The landlord served it with a significant claim in recent weeks and it is hoped that a satisfactory cash settlement can be reached in lieu of its obligations. If not, it is likely that TAG will recommend that Well Dunn appoints its own contractor to undertake the necessary works with TAG’s building surveyor ensuring that they achieve the required standard.
If you would like advice on your dilapidations and re-instatement liabilities as you near the end of your lease, please call John Crowley on 0161 457 1422 or email him at jc@tenantag.co.uk.