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 Comments
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A smooth handover

For once, a nice, efficient, pub completion today: the Ewe & Lamb at Rolvenden Lane has changed hands; I acted for the sellers and Janet Cousins at Mowll & Mowll in Dover acted for the buyers. She is always efficient and, while still protecting her clients’ interests, co-operative – unlike many solicitors, who seem to think it is part of their job description to be...
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Being held over a barrel

It is fairly common, when buying or selling a pub, to have a simultaneous exchange (of contracts) and completion. Partly this is because the parties’ preferred completion date is too soon to allow for all the pre-contract work to be finished a couple of weeks before the completion date – as a result, the parties often book removal arrangements, etc, on trust. This trust can be...
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An improving market?

It may be too early to tell for sure, but there are indications that there is more movement in the pub market than over the past few months: I am currently handling 4 leasehold pub sales and one freehold pub purchase, all of which were “stalled” before Christmas, but which are now leaping forward I hope this is a sign of better times to come – though the leasehold sale prices...
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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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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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