Introduction
Our Commercial Property Team has extensive experience of carrying out a wide variety of real estate work. We act for both commercial Landlords and commercial Tenants.
The spectrum of our Commercial Property work ranges from drafting new leases (including leases excluding the lease renewal provisions contained in the Landlord and Tenant Act 1954), assignment of existing leases, licenses to assign, advice in the negotiation of rent reviews and acquisition and disposal of freehold properties and businesses.
We are also able to provide specialist legal advice on licensing. We regularly deal with transfers and applications for new licenses.
We have developed a special expertise in the acquisition and sale of commercial investment properties – both by private treaty and at auction.
Our Commercial Property Group also has experience of representing both Landlord and Tenant in proceedings for possession of commercial premises.
Our approach is business like and we seek to ascertain your requirements and to work hard to achieve them within the time scale available.
We shall deal with your matter professionally, effectively and efficiently. We recognise the importance of meeting deadlines. At all times our aim is to exceed our clients’ expectations.
Costs
We offer an initial consultation which is free of charge. It is aimed at understanding the nature of your problem and assessing whether (and how) we may be able to assist. If we agree to deal with your case, we shall discuss the basis for calculating our charges for further advice.
The overall cost will depend on a number of factors including:
your individual circumstance;
the scope and nature of the work required; and
the complexity and importance of the matter
Wherever possible, we shall endeavor to provide you with an estimate of costs before you decide to go ahead.
Please feel free to contact us if you wish to discuss or clarify any aspect of our service in relation to your particular enterprise.
We shall be pleased to assist you.
Estimated cost
| Value (£ 000) | Up to 250 | 251-500 | 501-750 | 751-999 | £1m + | |
|---|---|---|---|---|---|---|
| Type | Assumptions | |||||
| Property Only: | ||||||
| Freehold Purchase | Registered Title, No Follow Up Enquiries, No Follow Up Searches, Property not vat-able, Vacant | £1500 | £1750 | £2000 | £2500 | POA |
| Freehold Sale | Registered Title, No Follow Up Enquiries, No Follow Up Searches, Property not vat-able, Vacant | £1500 | £1750 | £2000 | £2500 | POA |
| Businesses | ||||||
|---|---|---|---|---|---|---|
| Leasehold Purchase (Vacant) | Registered Title, No Follow Up Enquiries, No Follow Up Searches, Property not vat-able, Vacant | £1650 | £2500 | £3000 | £3500 | POA |
| Leasehold Sale (Vacant) | Registered Title, No Follow Up Enquiries, No Follow Up Searches, Property not vat-able, Vacant | £1650 | £2500 | £3000 | £3500 | POA |
| Freehold Purchase (With Business) | Registered Title, No Follow Up Enquiries, No Follow Up Searches, No TUPE, Property not vat-able, Vacant | £2500 | £3000 | £4000 | £5000 | POA |
| Freehold Sale (With Business) | Registered Title, No Follow Up Enquiries, No Follow Up Searches, No TUPE, Property not vat-able, Vacant | £2500 | £3000 | £4000 | £5000 | POA |
| Leasehold Properties - Annual Rent (£ 000) | Up to 25 | 25-50 | 50-75 | 75-100 | £101+ | |
|---|---|---|---|---|---|---|
| Grant of Lease (acting for Landlord) | No follow-up Enquiries, No follow-up Searches, No References, No Deposit, No borrowing, No Schedule of Condition, Vacant | £1750 | £2500 | £3500 | £5000 | POA |
| Grant of Lease (acting for Tenant) | No follow-up Enquiries, No follow-up Searches, No References, No Deposit, No borrowing, No Schedule of Condition, Vacant | £1750 | £2500 | £3500 | £5000 | POA |
| Assignment of Lease (acting for Landlord) | No Deposit, No Guarantors, No Schedule of Condition | £1250 | £1750 | £2250 | £2750 | POA |
| Assignment of Lease (acting for Assignor/Assignee) | No follow-up Enquiries, No follow-up Searches, No References, No Deposit, No borrowing | £1750 | £2500 | £3500 | £5000 | POA |
| Licence to Underlet | Standard sub-lease, No References | £1500 | £2000 | £2500 | £3500 | POA |
| Additional Items: | ||
|---|---|---|
| Authorised Guarantee Agreement | Standard Conditions, non-corporate Individual, No References | £500 |
| Rent Deposit Deed | Standard Conditions, non-corporate Individual | £500 |
| Separate Agreement for Lease | Standard Conditions, non-corporate Individual | £750 |
| Deed of Surrender | Standard Conditions, no special terms negotiated | £750 |
| Deed of Variation of Lease | Standard Conditions, no special terms negotiated | £1000 |
Chhokar & Co Solicitors
a business name of
ChhokarLaw LLP -OC448596
29a The Broadway
Southall, UB1 1JY
- +44 (0) 208 574 2488
- law@chhokar.com
Legal Information
SRA No: 8005713
VAT No: GB 676 065 120
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