Ashley Wilson - Commercial Property

Commercial Property

Serving the commercial property area including retail, office, leisure, industrial and hospitality sector, our commercial property division operates with a specialist team of solicitors who are able to act on your behalf. We are able to provide expertise to organisations of all sizes from the small and medium size enterprise through to global, corporate entities.

We offer support for those organisations who seek to acquire, sell, lease or develop properties of all types and are also able to provide security services for both private and commercial lenders.

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Overage Agreements

Conditional Agreements

Option Agreements

Pre-Emptive Declarations

Commercial Conveyancing

Acting with both speed and precision our commercial property solicitors deliver fast and efficient responses whenever required and combine a high level of service with unparalleled expertise within this sector. Our knowledge and experience will help guide you through the complete conveyanving process irrespective of the purchase specifics or type of acquisition:

- Freehold commercial property acquisition and funding.
- Introduction of commercial lenders where appropriate.
- Negotiation of commercial leases including heads of terms.
- Acquisition of investment property.
- Site acquisition.
- Plot sales on completed developments for house builders.
- Secured lending (acting for the Lender).
- Development funding.

Joint Venture

It is common practice for commercial property clients to seek property acquisition on a joint venture basis with associates and investors. These types of arrangements can be beset with complexity and risk and all parties will want to ensure that the most appropriate advice is sought. Furthermore, the formation of the appropriate contractual agreements is not only prudent but a legal obligation. We can act on your behalf in relation to:

- Creation of joint venture agreements.
- Investment agreements.
- Forward sale agreements.
- New company formation.
- Partnership agreements.
- Mezzanine finance and equity finance.
- Introduction of joint venture partners, in specific circumstances.

Site Acquisitions / Assembly

We work actively with our clients in the acquisition and assembly of sites through option or conditional contract or otherwise in parallel with clients’ other professional advisers, particularly planning consultants and accountants.

- Option Agreements
- Overage Agreements
- Construction Contracts

Commercial Finance

Developed over a number of years, we have in place relationships with a wide range of lenders and financiers which enable us to assist clients in a series of commercial finance options. This introduction service is offered free of charge to the end user client.

We are recognised by all mainstream lenders and where lenders appoint their own panel of solicitors, we work closely with those firms at all stages of the process to ensure rapid conclusion of security documentation and draw-down to coincide with clients’ deadlines.

Our Commercial Property Specialists

Tony Wilson

Daniel Ellis

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Legal Updates

Significant Changes for Landlords and Tenants being Introduced by Renters (Reform) Bill

A new Bill which will fundamentally change the way renting residential property in the UK works is currently going through its second reading in the House of Commons.

If enacted, Assured Shorthold Tenancies will be scrapped and all new tenancies will be Assured Periodic Tenancies. The Section 21 ”No fault” process for recovering possession will no longer exist and so landlords will only be able to recover possession by using the existing Section 8 procedure and proving their ground for recovery of possession. It is proposed that new grounds for recovery of possession will be added including where the landlord wishes to sell the property.

Deferment Rate Challenge

The deferment rate is relevant to residential leaseholders whether they are a house owner seeking their freehold, a flat owner seeking a longer lease of their flat or the freehold to their building acting in concert with other flat owners.

Landlords Beware

Landlords beware; commercial leaseholders may get round restrictions in their lease to achieve residential use which brings the potential right to forcibly acquire the freehold (enfranchisement).