If you wish to obtain a new lease or an assignment of the lease of commercial property being a retail shop, restaurant, hairdresser or any business unit in a office building our solicitors are also able to deal with it according to your instructions.
We will at the commencement of the transaction send you our client care letter detailing our fees with VAT and disbursements with our terms and conditions. You will return the letter signed confirming your instructions with the necessary ID and other documents requested in our letter. We will not commence any work until we have received your signed letter confirming your instructions. We will request monies on account on residential conveyancing of £500.00 on account with search fees and commercial conveyancing £600.00 on account with search fees.
There can be delays caused in your transaction if you purchasing a property and have not applied for a mortgage offer or have your finance readily available to fund your purchase of property .It is essential that you make arrangements to have this in place to avoid any delays in exchanging and completing the matter .There can also be delays in receiving searches from the search provider as each search carried out will depend on where your property is located and how long the relevant authorities take to provide us the search. It is always advisable to commence your search once you are satisfied that we are to proceed with searches if you have a deadline to be met which is imposed by the seller of your property. We cannot be held responsible if any searches are undertaken and you do not wish to proceed with the purchase of your property. We will indicate to you the search fees for the property in our client care letter.
Commercial transactions would sometimes take longer to complete depending on references to be obtained and corresponding with the landlord’s solicitors to obtain consent to an assignment of lease. This can take up to 10-12 weeks. If there are delays we will keep you informed the reason for the delay.
If a matter should not proceed we will charge for any work carried out until the matter was aborted. This would be based on an hourly basis of £200.00 an hour plus VAT plus any disbursements incurred.
We normally charge between £20-£40 for nominal disbursements depending on the amount of work carried out. VAT is applicable where it is relevant at 20%.