Acquisition of a multi-let commercial property
Completion checklist for a buyer
A typical property transaction is made up of 6 key stages:
- Heads of Terms
Preparation and organisation are key to improving transaction time frames and reducing costs. Subscribers to Lexis®PSL Property enjoy access to a comprehensive bank of resources designed to assist practitioners in the effective management of property transactions. These are tailored to take account of transaction-specific factors such as:
- the nature of the asset being acquired—freehold or leasehold; and
- the client—buyer/seller/landlord/tenant/lender.
To aid firms in successfully completing the acquisition of a commercial property portfolio when acting for the buyer, we have released a free checklist based on our Practice Note: Acquisition of a multi-let commercial property (buyer)–completion. The checklist covers the steps and issues to consider on completion when acting, including a list of matters to ensure readiness for completion, what happens at the point of completion and what happens post-completion.
These checklists have been brought to you by our Lexis®PSL Property experts. In LexisPSL Property you’ll find clear, concise practice notes that not only explain the legal principles, but include practical tips on how to apply them in real life – with direct links to the relevant legislation, case law, commentary, forms and precedents you’ll need.
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