If you are buying, selling or re-financing commercial property we would be more than happy to assist you from start to finish in the transaction, whether it is your first commercial property purchase, or as part of a large portfolio of properties.
We pride ourselves if providing a high standard of service from inception to completion and beyond, and whilst we may not be the cheapest on the market you get what you pay for in legal services, and unlike cheaper firms you will have a dedicated specialist conveyancer available by telephone or email or to meet in person throughout your sale or purchase.
Leasehold or Freehold?
Whether you are buying or selling, we can assist with both commercial freehold and leasehold transactions.
Whilst we are happy to simply carry out transactional matters, but prefer to provide comprehensive advice from start to finish, as commercial property transactions can throw up situations not previously experienced by new business owners, and we pride ourselves in making what can be quite complex transactions easy to digest and uncomplicated for our clients.
On purchases we will provide a report on title detailing your obligations under the terms of your new commercial lease or in the event of a freehold acquisition in respect of any leases to which the property is subject.
Jamieson Alexander's Dispute Resolution team deals with a wide range of residential and commercial property disputes, and are well equipped to advise. We are well versed in dealing with such claims, and adopt, as much as possible, the Property Litigation Association's Dilapidations Protocol in relation to claims made at the end of a tenancy, and its Post-Action Protocol in relation to lease termination and renewal under the provisions of Landlord & Tenant Act 1954.
Mortgage lenders will often refuse to lend against leasehold flats with less than 70 or 80 years on the lease, and as the cost of extending your lease can be considerably reduced by doing so before it reaches 80 years it is always worthwhile extending your lease as soon as you are able to.
We are usually able to offer fixed fees for assisting clients in statutory or non-statutory lease extensions, and assist in locating a suitably experienced local surveyor to assist you with the valuation of the likely premium payable.
If you are interested in extending your lease, we are working on a Lease Extension premium calculator to gain a rough idea of the likely premium you will need to pay. Check back again soon or contact us now to find out more.
You may want to purchase the Freehold for a variety of reasons; to avoid the current excessive service charges; to manage the Freehold more comprehensively if your current Freeholder is not doing so; or to extend your leases to be as long as you wish.
The Leasehold Reform Housing and Urban Development Act 1993 (as amended) and the Leasehold Reform Act 1967 which grant Lessees the right to extend their leases of either flats or houses respectively, also conveys the right for Lessees to force the Freeholder to sell the Freehold to them collectively.
The procedure for extending leases or forcing the sale of the Freehold follow prescribed routes set out by the relevant legislation, yet despite this can take as long as two years to conclude if the Freeholder does not comply.
For an informal and free discussion about either extending your lease or collectively purchasing the Freehold of your block call or email us today.
If you are a Freeholder that has been served with notice under the Leasehold Reform Housing and Urban Development Act 1993 or the Leasehold Reform Act 1967 there are strict timetables to which you must now comply. We are well experienced in acting for Freeholders in statutory or voluntary lease extension or enfranchisement claims made by Lessees, and would be happy to assist.
- Disputes with the council regarding re-housing;
- Problem tenants or non-payment of rent;
- Service Charge disputes; and
- The Right To Manage a block of leasehold flats