Commercial Property

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Commercial solicitor Emma Reed looks at the issue of security of tenure in relation to a business lease. Granting a business lease As a Landlord of commercial property you may wish to grant a new lease to a business tenant. However it is important to bear in mind that the grant of a new business lease to a tenant occupying the property (even if it's only part of the property), will fall within the provisions of the Landlord and Tenant Act 1954;...

Emma Reed led the Corporate legal team at Slee Blackwell in the acquisition of the entire share capital of the group owning Somerforde Care Home. The care home in Newton Abbot is a 22 bed-roomed residential care home for the elderly, fully occupied, with a staff of 21 with both private and NHS contracts. It was bought by husband and wife team, Jon and Jules Lobb. The latest CQC report for the care home, before purchase, was good and it is...

In these difficult times Landlords are increasingly finding their Tenants are experiencing difficulties in paying their rent. Whilst it is always possible for a Landlord and a Tenant to agree a temporary reduction in rent or a change in frequency of rent payment (ie monthly rather than quarterly) in the hope of retaining the tenant this does not always produce the desired result and the Landlord could be left out of pocket. If the Tenant becomes or is about to become...

Many tenants of commercial are likely to have been adversely affected by the economic downturn and may, as a consequence, be struggling to pay the rent due under the terms of their lease. Landlords should be aware of the following if a tenant fails to pay the rent due under the terms of a commercial lease: The tenant may become liable to pay interest (often at a rate higher than bank base rate) on the unpaid rent. The tenant may...

In these difficult economic times Tenants of commercial premises are increasingly asking Landlords to permit them to pay rent monthly instead of quarterly to assist cash flow. If the Landlord’s property is in charge to a bank it is usual for the terms of lending to assume that rent will be paid quarterly. So, if a Landlord accepts monthly rent they could inadvertently commit a breach of the terms of their lending....

Personal Licence When purchasing a licensed premises you need to decide who will have the overall control over the sale and supply of alcohol. This person is called the Designated Premises Supervisor (‘DPS’). At least one of you needs to hold a Personal Licence and once they have a personal licence they can then apply to be the DPS on completion of the purchase. In order to obtain a personal licence you will need: the National Certificate of Personal Licence Holders Certificate....

Building owners, landlords and tenants From 1st October 2008 all Sellers of commercial building and Landlords will be required to provide an Energy Performance Certificate (“EPC”) for all buildings or parts of buildings when they are rented or sold. EPCs are already required for larger premises that are to be rented or sold (above 2,500 square meters). The EPC provides an energy efficiency A-G rating and recommendations for improvement. It tells potential tenants and buyers about the energy performance of a building...

Emma Reed, a partner in our Corporate/Commercial department, has just acted for the purchaser in an acquisition of the entire issued share capital of ACG Management Limited; the company which owns Ashley Manor Nursing Home in Liverpool. The nursing home currently has 72 full time residents and is a thriving business. The acquisition was completed on the 15th of June 2007 for £4.4m. Emma provides a full range of corporate services with particular expertise in the sale and acquisitions of...