You want to make sure that the premises you
have chosen work best for your business, or that
your investment property yields the returns you
are looking for. Whatever your needs you also want to get
things sorted out as quickly and efficiently as possible.
Match and
click the heading below for a quick transaction
check-list
| Advertising |
Select property. Contact Blair Cadell to note interest and raise initial enquiries |
| Negotiation |
Offer |
| Contract |
“Missives” contract |
| Documentation |
Title transfer (Disposition) |
| Stamp duty |
SDLT is payable (based on percentage of price) |
| Public register |
Registration dues payable based on value of property |
| Survey |
Obtain survey. Energy performance certificate (epc) to be provided by seller |
| Bank |
Confirm funding before concluding contract |
| Licensing |
Pub, hotel, restaurant etc check licensing requirements |
| Local authority consents |
Check documentation in order and obtain re proposed use/works |
| Advertising |
Appoint agent. Advertise |
| Negotiation |
Receive offer/s |
| Contract |
“Missives” contract |
| Documentation |
Locate titles and other relevant documents for purchaser |
| Survey |
Purchaser obtains survey. Seller must provide epc |
| Bank |
Confirm basis of release of any security |
| Local authority consents |
Locate relevant documents in anticipation of purchaser's requirements |
| Advertising |
Select property. Contact Blair Cadell to note interest and raise initial enquiries |
| Negotiation |
Agree "Heads of Terms" with letting agents including: length of lease, rent, rent review, entry date, repairing obligation |
| Contract |
"Missives" contract, including adjustment of draft Lease |
| Documentation |
Lease - Examination of landlord's title |
| Stamp duty |
SDLT is payable (based on lease terms agreed) |
| Public register |
Registration dues payable based on agreed lease terms |
| Survey |
Important information to be obtained by tenant taking on full repairing obligations. Landlord to supply epc |
| Bank |
No specific requirement for tenant. Consent may be required in relation to any existing landlord's security |
| Licensing |
Pub, hotel, restaurant etc check licensing requirements |
| Local authority consents |
Check landlord's documentation in order and obtain re proposed use/works |
| Party status |
Landlord may require personal guarantees |
| Landlord consent |
Likely to be required in relation to any works proposed by tenant |
| Advertising |
Select property. Contact Blair Cadell to note interest and raise initial enquiries |
| Negotiation |
Agree "Heads of Terms" with selling agents. Look at current lease terms |
| Contract |
"Missives" contract including adjustment of draft Assignation of lease |
| Documentation |
Lease Assignation
Examination of landlord's title
Examination of existing Lease |
| Stamp duty |
Payable (on basis of agreed assignation terms) |
| Public register |
Payable based on agreed assignation terms |
| Survey |
Important information for tenant taking on full repairing obligations. Landlord to supply epc |
| Bank |
Consent may be required in relation to any existing landlord's security |
| Licensing |
Pub, hotel, restaurant etc check licensing requirements |
| Local authority consents |
Check landlord's documentation in order and obtain re proposed use/works |
| Party status |
Landlord may require personal guarantees |
| Landlord consent |
Required re Assignation, at outgoing tenant's (assignor's) cost
Likely to be required in relation to any works proposed by tenant |
| Advertising |
Appoint agent. Advertise |
| Negotiation |
Agree "Heads of Terms" with purchaser/incoming tenant (assignee) |
| Contract |
"Missives" contract - including adjustment of draft Assignation of lease |
| Documentation |
Lease Assignation. Exhibit landlord's title. Exhibit existing lease |
| Bank |
Consent may be required in relation to any existing landlord's security |
| Local authority consents |
May be required by purchaser/incoming tenant (assignee) |
| Landlord consent |
Will be required re Assignation at seller's/outgoing tenant's (assignor's) cost. May be require in relation to any works proposed by incoming tenant (assignee) |
| Advertising |
Select property. Contact Blair Cadell to note interest and raise initial enquiries |
| Negotiation |
Offer |
| Contract |
"Missives" contract |
| Documentation |
Title transfer (Disposition) |
| Stamp duty |
SDLT is payable (based on percentage of price) |
| Public register |
Registration dues payable based on value of property |
| Survey |
Obtain survey. Energy performance certificate (epc) to be provided by seller |
| Bank |
Confirm funding before concluding contract |
| Licensing |
According to circumstances |
| Local authority consents |
Check documentation in order and obtain re proposed use/works |
| Advertising |
Appoint agent. Advertise |
| Negotiation |
Agree "Heads of Terms" with tenant's agents including: length of lease, rent, rent review, entry date, repairing obligation |
| Contract |
"Missives" contract, including adjustment of draft Lease |
| Documentation |
Lease |
| Stamp duty |
Payable by tenant |
| Public register |
Registration dues paid by tenant |
| Survey |
Exhibit epc as requested by tenant |
| Licensing |
Tenant's onus |
| Local authority consents |
Exhibit as requested by tenant |
| Party status |
Consider personal guarantees from tenant |
| Landlord consent |
Consider approval of tenant's works proposals |
| Advertising |
Select property. Contact Blair Cadell to note interest and raise initial enquiries |
| Negotiation |
Offer |
| Contract |
"Missives" contract |
| Documentation |
Title transfer (Disposition). Examination of existing Lease. Intimate change of ownership to tenant |
| Stamp duty |
SDLT is payable (based on percentage of price) |
| Public register |
Registration dues payable based on value of property |
| Survey |
Obtain survey. Energy performance certificate (epc) to be provided by seller |
| Bank |
Confirm funding before concluding contract |
| Licensing |
Check compliance by tenant if required |
| Local authority consents |
Check documentation in order and request from tenant re any proposed use/works |
| Party status |
Consider assignment from seller of any tenant guarantees |
Contact Blair Cadell for a fixed fee quote and
FREE initial consultation