Sale of a multi-let commercial property (seller)—between exchange and completion
Sale of a multi-let commercial property (seller)—between exchange and completion

The following Property practice note provides comprehensive and up to date legal information covering:

  • Sale of a multi-let commercial property (seller)—between exchange and completion
  • Conditional contracts
  • Respond to pre-completion requisitions
  • The transfer
  • The completion statement

Between exchange and completion:

Conditional contracts

Be proactive in securing the landlord’s consent (where applicable)—follow up with the landlord’s solicitors regularly and respond promptly to communications. If the landlord’s consent is not forthcoming or there are unreasonable requests or unnecessary delays, remind the landlord’s solicitors of the landlord’s duties under the lease and the LTA 1988.

See Practice Notes: Landlord's consent to assign or underlet, Landlord’s consent to alterations, Alterations outside the demise, Alterations—specific consent overrides tenant covenants in lease and Landlord's consent to change of use.

Respond to pre-completion requisitions

Pre-completion requisitions are often referred to as ‘requisitions on title’ and their purpose is to agree the practical arrangements for completion. For commercial property, it is common practice to use the Solicitor's Completion requirements (SCR). SCR is part of the Commercial Property Standard Enquiries (CPSE) suite of documents. See: C

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