Panavision Europe plc have required regular updates on likely dilapidations liability on their properties within the UK, in order to satisfy US accounting protocols where their parent company is based.
- Short Timescales
- Diverse locations
- Requirement for accurate forward projection of dilapidation liabilities for US accounting purposes
What We Did
MHA have undertaken the required inspections and provided costed overviews of potential dilapidations at lease ends.
In addition MHA have undertaken inspections prior to purchase of properties in Northern Ireland which led the client to seek alternative accommodation as the ongoing dilapidations liability was too severe.
Upon disposal of assets, MHA advised Panavision whether to undertake the works themselves or negotiate a settlement with the landlords' surveyors. To date we have always been able to provide advice and support which has benefited the client.