When you are taking over a business, it is likely that you will also be taking over the existing lease. It is essential that you get the correct advice on the terms of the lease and obligations which transfer to you as a result of the assignment.

We will undertake the following steps to ensure that the assignment is a success:

  • Liaise with the tenants solicitors in respect of the existing lease and other documentation received;
  • We will report to you on the terms of the existing lease;
  • We will request the landlords requirements from the tenants solicitors and liaise with you in this regard. The landlord may request for references from you and we can assist in applying for references on our behalf;
  • We can carry out local authority, drainage and environmental searches where you require;
  • Raising enquiries with the tenants solicitors on the documentation supplied;
  • Draft the assignment of goodwill fixtures and fittings on your behalf where applicable;
  • Complete the assignment of the lease on your behalf;
  • Deal with the registration of your lease where applicable and post completion formalities on your behalf.

Contact MTG Solicitors

Call MTG's commercial property solicitors in Ealing and Hayes on 020 3026 2548 or contact us online to arrange an initial meeting.