Are you thinking of entering into a commercial / business lease?
If so then contact PSR Solicitors to see how we can help you. We know how stressful and time consuming entering into a commercial lease can be. The negotiating and financial advice stage itself can be a harrowing experience without the pressure of fully inspecting the property and arranging signage and any required survey. One of our dedicated property solicitors can assist you at every stage of the legal process and keep you fully updated on the legal progress of your commercial lease from start to finish. Trust us to help you.
Procedure of buying your leasehold property
Once you have made the decision to enter into a commercial lease you will typically negotiate the terms of the lease (Heads of Terms) through the landlord’s commercial agent unless you are liaising direct with the landlord. If you instruct us at the same time or at an early stage we can take your full instructions, advise you on the draft Heads of Terms and arrange with you to have the initial forms and necessary checks completed in readiness. Once the Head of Terms have been agreed with the landlord we will have the necessary information to hand to immediately start the legal process without delay.
Once we have received the contract pack from the seller’s solicitor we can commence with any necessary searches, investigate the landlords’ legal title to the property and raise any relevant enquiries. If you are taking on an existing lease we will need to ensure all lease conditions have been complied with and that the rent and service charge are paid up to date. Once we are satisfied with all the replies to our enquiries and results of searches, a completion date can be proposed.
We will also pay for the searches, any applicable landlord costs, stamp duty land tax and Land Registration fees on your behalf.
Our experienced solicitors can also assist you with a wide range of issues that may arise on a commercial lease such as:
- Your legal and beneficial interests in the property
- Lack of rights which need to benefit the property
- Lack of Planning Permission or Building Regulations Approval
- Restrictions affecting the property
- Additional financial charges affecting the property
- Adverse search results affecting the property
- Disrepair of the property
So if you have a commercial lease you wish to enter into and want free initial advice from a fully qualified property solicitor then please contact us now. Using one of our specialist solicitors ensures that you have a better chance of completing on your lease as smoothly and quickly as possible. Some legal firms don’t use qualified solicitors to deal with property anymore, at PSR Solicitors however we believe that your case deserves special attention from a dedicated solicitor.
We have offices throughout North Wales and Cheshire and you can contact us safe in the knowledge that one of our expert solicitors will take care of everything for you allowing you to carry on with your life whilst we proceed with your commercial lease.