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Full Repair Covenant
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What does 'full repair covenant' mean?
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For more on marking an answer as the "Best Answer", please visit our FAQ.full means complete,in this case,say you damaged a wall in a room,you would have to fully repair all the damage to match the rest of the room,also a inspection of the property would have taken place at the begining of the lease and the end,if any other fault was found,it would have to be put right to the original spec of the first inspection.
It is the potential tenants responsibility prior to signing a a full repairing lease to have a surveyor prepare a schedule of condition prior to occupation and have this agreed with the landlord. If you sign a full repairing lease you will be liable for ALL repairs and delapidations including existing faults prior to your occupancy.
An 'internal repair covenant' means that the tenant is liable for the internal repair and maintenance of the property. The landlord generally being responsible for the structure and externals.
A 'full repair covenant' means the tenant is responsible for the whole premises internally and externally. In most cases it also means the tenant will be responsible for buildings insurance. This type of covenant is often called 'FRI' (fully repairing and insuring).
A 'full repair covenant' means the tenant is responsible for the whole premises internally and externally. In most cases it also means the tenant will be responsible for buildings insurance. This type of covenant is often called 'FRI' (fully repairing and insuring).
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