On 16 June 2021, the government announced that the restrictions on commercial forfeiture for unpaid rent arrears has been extended until 25 March 2022. The restrictions, which have been in place since 26 March 2020, were due to be lifted on 30 June 2021....
Our commercial property solicitors can assist you from site acquisition right through to the sale of the last plot on the development. We have experience of advising private investors, business owners, local authorities, housing associations, house builders, developers and farmers.
We strive to understand your aims and objectives at the outset to ensure the acquisition is right for you and to ensure that any risks are reduced.
We can assist from the very early stages, advising upon and negotiating the heads of terms and providing advice in relation to company structure and the legal aspects of funding the development.
A key consideration for any acquisition is planning. If the site does not already benefit from a suitable planning permission, you will need some certainty that it can be lawfully developed. This can be achieved either by an option agreement (you are given the right, but no obligation, to purchase the site once planning permission has been obtained) or by a conditional contract (you commit to purchasing the site once planning permission has been obtained). Whichever route you decide upon, we have extensive experience in negotiating these documents and achieving a satisfactory outcome for our clients.