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.
"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))
The Legal 500 2021: Commercial Property – Nottingham & Derby
The Legal 500 2023: Commercial Property – Nottingham & Derby"Actons covers the full range of commercial property work, including development, options and overage agreements as well as freehold and leasehold sales and acquisitions, leases and refinancings. In April 2022 ‘hard-working and knowledgable’ Caroline Pearson, specialist for development projects as well as overage and option transactions."
"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."The Legal 500