April Fool giveaway

It’s my birthday in April, so I’m giving a 10% discount on all new legal work where I receive (and accept)instructions in April 2010 – you need to quote “promo code April Fool” when giving the instructions (on the authority form, in the case of new clients) in order to qualify, so don’t forget...
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A follow-up for the Hoodeners Horse

A follow-up post for the Hoodeners Horse is here Comments
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Not a clean getaway

If you have a leasehold pub (or any leasehold commercial premises), selling the lease on to a new tenant does not end your potential liability. Even though the landlord will insist on approving the new tenant before consenting to the transfer of the lease, he or she will also expect you, as the outgoing tenant, to stand as personal guarantor for the new tenant: either explicity under an...
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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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Leasehold pubs

Stage 10 in my overview of pub sale and purchase procedure: ” If the pub is leasehold, it is normal that the landlord’s consent to the transfer of the lease to the buyer is needed. Whatever timescale the buyer and seller have agreed, this is subject to the need to get “licence to assign” first. Usually, the procedure for this will have been started at stage 1, so that...
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Stages 8 and 9: Exchanging contracts

Once the contract wording is agreed, the buyer’s finances are in place, satisfactory search results have been received and satisfactory replies to enquiries have been given, the buyer and the seller cansign their copies of the contract and return them to their solicitors – in the buyer’s case with a deposit (usually 10% of the purchase price). This is the time to raise any...
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