Early exposure means fewer surprises and more time to plan or negotiate.
The challenge
As a lease approaches expiry or a break is considered, assessing dilapidations liability means reading across repairing covenants, schedules of condition, yield-up obligations and consented alterations. Doing this manually risks liability being underestimated until it's too late to act.
The solution
Ask iManage identifies the repairing covenant standard and any schedule of condition limitations, surfaces yield-up obligations, reinstatement requirements and decoration covenants, and flags consented alterations that may trigger reinstatement liability.
Open Ask iManage and add your Matter or Workspace as a Filter.
Instantly scope to only the documents which matter, keeping your responses and citations relevant.
Run a prompt to identify the repairing standard and any limitations.
Initial prompt gives a clear picture of the tenants liability.
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What is the repairing standard in this lease and are there any schedule of condition limitations that qualify the obligation?
Run a follow-up prompt focused on alterations and reinstatement.
Follow-up prompts allow Ask iManage to drill-down into specifics and include the most frequently overlooked sources of dilapidations exposure.
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Identify all alterations consented to in this matter and flag any reinstatement or removal obligations attached to those licenses
Export and act.
Ask iManage export allows for direct use in a Client advice note, schedule of dilapidations, or settlement negotiation pack.
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