Even when you have agreed the key terms of your commercial property sale and have settled the documents, last-minute issues can get in the way and delay completion of a transaction. Not only is this frustrating, but it also delays the point at which you get your money...
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Commercial property.
3 key points when negotiating an overage agreement
If you are selling land to a developer, their aim will be to increase the value of the land and make a profit when they sell it on. If you want to share in that uplift in value when your land is developed, you will need an overage arrangement to make sure you receive...
A tenant’s guide to repairing obligations in a commercial lease
When you enter into a commercial lease, your landlord will ideally want this to be on a full repairing and insuring (FRI) basis. This means that you will be responsible for repairing and maintaining the leased property and for reimbursing the landlord for the...
Key financial aspects of completing your commercial property purchase you should know
When you are buying commercial property and get to completion day, you will be expecting to pay the purchase price and walk away with the keys. In fact there are usually other sums to take into account as well, and you may need to find more than just the balance of...
Commercial property service charges; are you RICS Code compliant?
If you own a multi-unit investment property, the service charge is crucial because that is how you recover the cost of maintaining common areas and providing the necessary services. Landlords (and their managing agents) are under increasing scrutiny to make sure they...