Commercial Property

"We needed to instruct a UK law firm to deal with the sale of a major freehold property in the UK. Being based in the US it was imperative for us to instruct a firm that would get the job done and keep us fully informed of the progress.
We were not disappointed.
Pace Incorporated

Acquisitions and Disposals

We handle the acquisition and disposal of both freehold and leasehold property, dealing with the contract, relevant searches and enquiries and the transfer of the property, including any necessary registration formalities at the Land Registry. We also deal with any landlord's consents required in respect of leasehold property. The language used in property leases can be confusing and our aim is to help you to understand the documentation so that it is meaningful to you.

Lease Negotiation

We will draft leases and associated documentation on behalf of landlords and consider and amend it on behalf of tenants. We do not seek to score points but to achieve a pragmatic and reasonable solution to possible conflicts arising between the position of a landlord and that of a tenant. These principles apply equally to any documentation relating to an agreement for lease, including those circumstances which arise where the landlord is in the process of building the property.

Lease Renewals

Occupiers of leasehold premises used for the purpose of a business will usually have the right to renew their leases where the original lease was granted for a period of more than six months. The operation of this right and the basis upon which a landlord might resist it are set out in legislation which has been litigated in the Courts on many occasions. We advise on both the substantive issues and also the procedures to follow in cases of leas renewal

Property Management Support

We are able to assist property owners in dealing with the management of their portfolios in the context of the terms of their tenants' leases dealing with consents to transfer, change of use and other matters where landlord's consent is required under the terms of the lease. We can also advise on applications by tenants for the renewal of a lease. We are also able to advise tenants on all of these issues.

Corporate Support

Our property department works closely with the corporate department in connection with the property aspects of wider transactions, such as company sales and acquisitions. A company's properties will often constitute a considerable part of its assets as well as its liabilities and careful consideration is required in the context of the company sale documentation. It is sometimes necessary when purchasing a company with property assets to follow similar procedures to those that would apply in the case of a stand-alone property purchase. Also, warranties will usually be required and given and we are able to advise on these, as well as other parts of the documentation relevant to property.

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