Acting for Landlord
We will draft the lease incorporating the agreed Head of Terms and negotiate with the tenant’s solicitor on any amendments to it. We check your legal title to ensure that you have the right to grant the lease and the authority from any mortgage lender to do so. If required, we will also obtain your replies to Commercial Property Standard Enquiries and deal with any enquiries arising from the tenant’s solicitor.
Acting for Tenant
We will review the lease, draft a lease report for you and check that the lease incorporates the agreed Heads of Terms. We will negotiate with the landlord’s solicitors on any matters that are in need of amendment. We will also check the Landlord’s legal title to ensure they have the right to grant the lease and the authority from any mortgage lender to do so. If required, we will obtain the landlord’s replies to Commercial Property Standard Enquiries and report to you with the findings.
We can also advise on;
Planning Obligation Deed / Section 106 Agreements
Recent Government reaction to the Covid-19 pandemic has once again impacted a landlord’s ability to remove commercial tenants on account of rent arrears. The prohibition on the use of forfeiture has been extended, and Commercial Rent Arrears Recovery (‘CRAR’) cannot be exercised until at least 189 days’ worth of rent arrears has accumulated. All initiatives…Read full news story
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Thursfields Solicitors has advised award-winning IT business cloudThing on the agreement of new loan facilities with Clydesdale and Yorkshire Bank, part of Virgin Money. The funding is to support a recapitalisation aimed at positioning the Worcestershire tech company for continued growth and success. cloudThing, based in Belbroughton, near Stourbridge, was established in January 2011, and…Read full news story
CY Executive Resourcing Ltd, a specialist recruitment company for the finance and accounting sector, has welcomed new owners following a management buy-out. Cynthia Parker, who was the founder and chief executive of the Worcester-based company, was helped by Thursfields Solicitors, to sell the business for an undisclosed sum to fellow directors. The new owners are…Read full news story