Business property
What should I look out for when negotiating a new business lease?
Taking or Granting a Lease
Every day our commercial lawyers are helping landlords and tenants complete property leases.
Leases must be seen as complex contracts under which a landlord allows a tenant to use property. This is in return for long term promises to pay rent and to look after the Property.
The very nature of leases means that any landlord or tenant must take legal advice to ensure that problems are not being created for the future. We will be concerned at all times to ensure that the lease properly reflects the intentions of our client.
Environmental Liability
Owners, occupiers, developers and lenders need to be concerned as to whether land they are associated with is likely to be contaminated.
If a site is contaminated a local authority can issue a remediation notice requiring the contamination to be cleared up. The cost of that work could exceed the value of the land. Liability for these costs falls primarily on the ‘polluter’ but can extend to owners, occupiers, developers and lenders.
We will make enquiries of the seller as to past use of the land and commission site history reports to investigate past land uses.
Buying and Selling Property
Property Purchase
We investigate the title deeds to check for any problems, review the Contract for Sale and using our internet technology carry out a Local Search, Mining Search, Environmental Search, Water Search and other searches we feel are necessary to provide you with a clear report on the legal matters that will affect the property. We also deal with Bank requirements if you are using bank borrowing to finance the purchase.
Sale of Property
We will obtain your title deeds to prepare the Contract for Sale, help you deal with enquiries raised by the buyer’s solicitors. We will co-ordinate repayment of any bank mortgage.At all times during the transaction, we recognise the importance of reporting to you regularly and maintaining regular contact with all parties involved in the transaction. We will also be happy to provide you with information on our costs at the beginning or at any time during the transaction.
Business Property
Business Property
Every business needs a place from where to trade. In the early days a business might trade from home but eventually it will need its own premises. Bigger businesses may face decisions about relocating to find larger premises. The decision then facing such businesses is whether to rent or buy accommodation. Either decision will mean a large investment is required.
Each day our commercial lawyers are helping clients to buy and sell property or to take (or grant) a lease. Our experience helps us to advise clients on potential problems and to ensure that the investment they make is not flawed from the beginning.
