Stage 3: Checking the paperwork

This is where the Buyer’s solicitor can get his (or her) teeth into things: going through the lease (if the pub is leasehold) and the other title documents, checking for defects or problems, raising enquiries about any problems as well as a wide range of other enquiries about the property and the business, and reporting to the Buyer on what is found. It is important that the Buyer and the...
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Long time, no blogging!

Things have been pretty hectic recently, so I haven’t had a chance to post any blog messages I hope to catch up a bit at the weekend Meanwhile, I visited the Bull in Sissinghurst yesterday evening. The new owners have spruced it up nicely, there is a good, friendly, busy atmosphere and the food is of very good quality and well-priced: whitebait followed by lamb cutlets at £8.95 is hard to...
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Stage 2: draft contract

If the seller has prep’d his or her solicitor, so that the solicitor has the relevant title documents, getting a draft contract out to the buyer’s solicitor should not be a lengthy process or involve any delay. Selling a single pub is much like selling any other small business, except for the need to deal with the transfer of the premises licence and the fact that the inventory is...
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The sale and purchase procedure

Having shared those initial tips for pub buyers and sellers, it may be useful to give an overview of the conveyancing process once a buyer has been found. Later, I can identify particular problems, difficulties or reasons for delay, and suggest ways of avoiding them or overcoming them. So, once a buyer is found – STAGE 1: The selling agents will notify the seller’s solicitor and the...
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