Hotels and restauants, too

Though this blog is mainly about public houses – hence its name – most of the comments and information apply equally to hotels and restaurants, too In that connection, I am (I hope) on the brink of completing what has been a very lengthy and complicated leasehold hotel purchase. I expect moist of the details will be boring to those not directly involved, but there may be some...
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Clients slow me down

For the first time in ages, if not ever, I have a client (a publican at that) who has not sabotaged the start of his own transaction by not supplying paperwork, etc, and so slowing me down The pub has been on the market for the best part of a year, but in readiness for finding a buyer, my client sent me the lease, the premises licence, the certificates and reports, asbestos survey, etc, so that...
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Absence makes the heart …

Long time, no blog! Sorry and all that, but I’ve been Tweeting I must try and blog more though – but it seems this blog is tooooo boring, so I will switch tack Comments
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Completion of the sale and purchase

On the completion date, the buyer’s solicitor sends the completion money to the seller’s solicitor, who then sends the completion documents to the buyer’s solicitor; at the same time, if the property is leasehold, the licence to assign is completed The completion money comprises the purchase price for the property, the business and the inventory, plus the stock money (some or...
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Conveyancing process: ready to complete?

This is the stage just before completion of the sale and purchase: ff the draft transfer, etc, are approved (and, if appropriate, signed by the buyer), the final enquiries are satisfactorily answered, the pre-completion search results are satisfactory, and the licence to assign is agreed by the freeholder, the seller’s solicitor will get the completion papperwork signed by the seller, and...
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Stage 11

STAGE 11: The buyer’s solicitor raises final enquiries about the title to the property, makes pre-completion searches and drafts the transfer and other documents that will transfer ownership of the property, the business, etc, into the buyer’s name, sending them to the seller’s solicitor for approval Now that contracts have been exchanged, it is down to the lawyers to sort out...
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Latest company update from Nelsons

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