A record of the condition of premises at the commencement of a lease. Usually appended to the lease and referred to in the Repairing and Yielding Up covenants to limit the tenant’s liabilities  typically to repair, keep and give back the premises in ‘no better than’ the condition than that evidenced by the schedule. Limits the tenant’s exposure to various items of repair during the lease, and its dilapidations liability at lease expiry.

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