Words / S / Business

schedule of condition

noun/ˈʃɛdjuːl əv kənˈdɪʃ(ə)n/

C2CEFR level
92/100Rarity: very rare
TechnicalRegister

A record of a property's state at the start of a lease, used to limit later repair liabilities.

The tenant insisted on a photographic schedule of condition to cap its dilapidations exposure.

Topic: Real estate & property in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Real estate & property