Our Commercial Property Department deals with all types of commercial property, including hotels, office blocks, retail shops, restaurants, public houses, pharmacies, doctors’ surgeries, dentists’ surgeries, and farmland.
We offer cost-effective expertise and services in the following areas.
The Acquisition and Development of Commercial Property
Sellers, buyers and developers of commercial property are often involved in making instant decisions. If the available opportunities are missed, the downside is ignored or the documentation is incomplete, the loss can be significant, even catastrophic.
The objectives of obtaining professional advice are to strike the correct balance in a number of ways. First, your advisers may need to address the conflicting interests of the parties involved. Second, they may need to negotiate your rights and obligations. Third, they will need to draft documents in a way which enables you to avoid expensive disputes in the future.
Our team will advise on:
Property covenants, easements, rights and title obstacles to development
Sale and purchase agreements
Development agreements and building contracts
Planning permissions and building regulation consents
Finance documents and lenders’ requirements
Collateral warranties and indemnities
Personal and corporate guarantees
The Acquisition and Disposal of Investment Property
Investment property and finance transactions are fraught with danger. Do other people have rights over the property? Can they be found? If you are a tenant, will you be affected if your landlord changes? Are conditions of finance too burdensome?
We advise clients proposing to purchase or mortgage investment property on:
sale and purchase agreements
leases affecting the investment property
the rights of tenants in investment properties
break clauses in such leases and their effective exercise
loan and mortgage documents
personal guarantees or cross-guarantees required by lenders
Is any of this negotiable? In a word, yes.
Our care home clients benefit from our extensive knowledge of regulatory practice in relation to care home transactions and from our commercial acumen in respect of occupancy, fee income streams, planning, and transactional warranties and indemnities.
Our care home team is able to advise on:
Structuring the transaction
Sale and purchase agreements
Financial covenants required by lenders
We act for landlords and tenants in the grant and taking of commercial leases. These will be leases of, for instance, shops, offices, restaurants, pubs, warehouses, hotels and other commercial spaces.
We advise on all aspects of commercial leases, including:
Agreements for the grant of commercial leases
The commercial lease itself
The necessity for schedules of condition and repair and decoration obligations
Tenant’s guarantors and the risk of inadvertent lapse of guarantee
Notices for breach of covenant and forfeiture, together with relief against forfeiture
Use the form to contact us regarding your legal enquiry. Please be as detailed as possible. Include your industry along with any specific document requests. To help us best service your enquiry, we recommend that you first describe the issue you’re having before telling us what you want to achieve. You may also email or call us to make an appointment.
For career opportunities, please email us your CV. We’re always looking for new and exceptional talent to lead the firm into uncharted fields of practice.