Virtually all businesses of whatever type and size will have interests in land and buildings.
Due diligence needs to be carried out by a buyer and its advisers on those interests when the transaction is the sale and purchase of shares or assets.
When selling shares in or the assets of a business, the property interests should be properly documented and protected at the earliest opportunity. This will avoid any last minute surprises which could lead to delay and additional costs.
We can help with:
- Investigation of title and other pre contract due-diligence searches
- Property warranties and property specific contracts
- Disclosure and deduction of title
- Audit of a vendor’s property affairs and resolving potential issues pre-contract
- Property specific funding arrangements including discharge of existing mortgages.
"Actons’ property practice recently acted for a number of banks on the refinancing of an industrial site, and separately assisted several local developers on plot sales. Director Amanda Gordon regularly undertakes freehold and leasehold work."The Legal 500
"Praised for its ‘superb business acumen’, Actons' real estate practice handles commercial and development transactions, landlord and tenant work and secured lending matters, especially for banks. The group also provides property support to corporate transactions."The Legal 500 2018 (Commercial Property (Notts & Derby))
"Amanda Gordon handled the acquisitions of residential and operational premises for a local charity, acted for a major bank during the refinancing of a portfolio comprising mixed residential and commercial properties, and advised on the acquisition of an industrial site by the existing tenant and a pension fund."The Legal 500