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Full Building Survey (Commercial) | Full Building Survey (Industrial) | Full Building Survey (Conservation) | Full Building Survey (Miscellaneous) | Pre-acquisition Due Diligence | Pre-acquisition Property Appraisal (Non-residential) | Schedules of Condition | Stock Condition Surveys | Building Surveyors Report | Measured Surveys | Architecture and Design Advice | Building Defects and Occupancy Advice | Maintenance Advice | Planned Maintenance Programmes | General Advice to Client's Requirements | HMLR Applications
Full Building Survey (Commercial) | Full Building Survey (Industrial) | Full Building Survey (Conservation) | Full Building Survey (Miscellaneous) | Pre-acquisition Due Diligence | Pre-acquisition Property Appraisal (Non-residential) | Schedules of Condition | Stock Condition Surveys | Building Surveyors Report | Measured Surveys | Architecture and Design Advice | Building Defects and Occupancy Advice | Maintenance Advice | Planned Maintenance Programmes | General Advice to Client's Requirements | HMLR Applications
Pre-acquisition Due Diligence
If you are a prospective tenant contemplating taking a lease on a commercial premises, you will be expected to enter into various tenants covenants and obligations which can be onerous in nature and carry a substantial financial burden from day one of the lease. It is therefore advisable to take pre-acquisition due diligence advice on the nature of covenants and obligations contained in draft leases before the leases are completed.
Due diligence advice is even more important if you are taking an assignment of an existing lease from a Tenant as you may unwittingly be inheriting substantial liabilities such as existing Tenants dilapidations liabilities, etc.
We regularly work with Tenants solicitors to review the terms of draft or existing leases and carry out due diligence checks to ascertain the likely extent of future liabilities and obligations highlighting areas of particular concern.
