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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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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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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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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more on leaseholds

Because of experience in the past, where pubs changed hands – sometimes several times in quick succession – without repair work being done, so running down the estate, Enterprise Inns (for one pubco) now arranges for a schedule of outstanding repairs to be prepared, and usually requires the outgoing tenant to carry out those repairs before the change of ownership can proceed –...
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