Are you thinking about buying a property at auction? On the fall of the auctioneers hammer a buyer will then be under a legal obligation to buy the property 'warts and all'. A completion date is fixed at the auction and a buyer has to comply with...
Drafting and negotiating a lease might seem daunting but often the two parties involved the landlord and the tenant, together with their solicitors, want the same result; that is the completion of the lease as soon as practicable to enable the tenant to start trading and the landlord to receive the rent. In recent years the majority of the leases that are produced by landlord’s solicitors are in a standardised form and as such are easier to negotiate and or amend.
The starting point to work from is the heads of terms that have been agreed between the parties. If a a fair amount of time has been spent agreeing these, it is likely this will lead to a reduction in the time drafting and negotiating the lease.
Our commercial property have years of experience drafting and negotiating leases for landlords and tenants, if you would like to speak to a member of our specialist team please call us on 01616 966 229 or complete our online enquiry form and we will contact you directly to discuss your requirements.