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In respect of commercial property, what is considered 'beyond economic repair'?

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Published on LexisPSL on 05/05/2017

The following Property Q&A provides comprehensive and up to date legal information covering:

  • In respect of commercial property, what is considered 'beyond economic repair'?

In respect of commercial property, what is considered 'beyond economic repair'?

Paragraph 8.2 of the Royal Institution of Chartered Surveyors (RICS) code considers the definition of ‘beyond economic repair’ and states that:

'Plant and equipment reaches the end of its economic life when it is more

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