Technical Due Diligence is the process of investigating the physical and technical condition of a property so that a purchaser, investor or occupier can properly understand the building before becoming committed to the transaction. For many acquisitions, a detailed...
One of the first questions clients understandably ask when purchasing a commercial property is: How much does a Commercial Building Survey cost? There is no single answer. A small retail unit is very different to a multi-storey office, warehouse or mixed-use...
When taking a commercial lease, tenants understandably focus on the rent, location, lease length and whether the premises are suitable for their business. The physical condition of the property can sometimes become secondary. That can prove to be an expensive mistake....
Buying a commercial property can represent a significant financial commitment. The purchase price is only one part of that commitment. Roof replacement, structural repairs, water ingress, defective finishes, outdated services and historic maintenance issues can...
It is surprisingly common for leaseholders to discover that alterations carried out to their property did not receive the freeholder’s formal consent. Sometimes the works were completed by a previous owner. In other cases, the leaseholder may simply not have realised...
Disputing Land? Do You Need a Boundary Survey? Property boundaries are often assumed to be obvious. A fence, wall or hedge may appear to show exactly where one property ends and another begins. Unfortunately, it is not always that simple. A boundary survey may be...
A Schedule of Condition can potentially save a commercial tenant significant expense when a lease comes to an end. The reason is straightforward: it provides evidence of the condition of the property when the tenant took occupation. What happens without one? Many...
A RICS Home Survey is a visual inspection of the property intended to provide the purchaser with an informed assessment of its condition. The precise scope depends on the level of survey instructed, but the inspection will generally consider the accessible parts of...
Buying a property is one of the biggest financial commitments most people will make. Yet many buyers rely solely on the estate agent's particulars or mortgage valuation before committing to the purchase. A RICS Home Survey, commonly recommended by competent legal...
A Schedule of Condition is most commonly prepared at the beginning of a commercial lease, but its importance can continue until the lease expires. When the tenancy comes to an end, the original Schedule can be used as evidence when considering the tenant's obligations...
