VOT: DIY Office Property Conveyancing

As per the subject, VOT (Very Off Topic!) - I haven`t been able to get a response anywhere for this (including uk.legal), so my last ditch attempt is here - in good old uk.DIY.

We are looking at moving our business to new offices. We are only a small company (5 people) hence wish to keep costs down. The office we are moving to will be leasehold on a 5 yr lease. We would like (if possible) to do the conveyancing process ourselfs to save cash. What is involved in doing this and are there any good sources of information to help with the process? I`m fairly familiar with the terminology used in contracts so it wouldn`t be totally alien, but have no formal qualifications. I know several lawyers friends who could give the lease there 'professional opinion' if needed.

John

Reply to
John
Loading thread data ...

Have you checked the landlord's terms and conditions for completing the lease? It is fairly conventional that the tenant is responsible for the landlord's legal fees anyway with a commercial property transaction.

I've been involved in this type of thing on numerous occasions on the tenant's side and more recently on the landlord's. This whole thing can be a real minefield, and although as a tenant you are protected in quite a few ways by the Landlords and Tenants Act, there are all sorts of nuances regarding guarantees, responsibility for repair, etc. etc.

While it irks me as well to spend money with the legal profession (I think that in many cases they are lazy parasites) in this one it would be wise not to attempt to DIY in my view. If you have any influence at all with the landlord, you could at least entreat them not to use an expensive London firm.

.andy

To email, substitute .nospam with .gl

Reply to
Andy Hall

HomeOwnersHub website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.