Investment acquisition—leasehold [Archived]
Investment acquisition—leasehold [Archived]

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

  • Investment acquisition—leasehold [Archived]

Investment acquisition—leasehold [Archived]

This Precedent has been archived. For maintained precedent reports on title, see Report on title—long form and Report on title—short form.

To: The [directors OR partnership]

[Insert the Buyer’s name, address and (if applicable) company registration number]

Dear [insert organisation name]

[Insert the name and address of the Property] (the ‘Property')

    1. 1

      Scope and reliance

      This report has been prepared for your sole benefit in connection with your proposal to buy the Property from [insert name and address of Seller] (the ‘Seller') for a price of £[insert price] [plus VAT]. You have informed us that this is an investment purchase. Consequently, it is assumed that you will continue to use the Property as a [insert current use] and you do not intend to redevelop or carry out any alterations to the Property.

      We have reviewed the Seller’s title, the replies to pre-contract enquiries given by the Seller and search results. The results of our investigation are set out in this letter and the attached appendix.

      This report may not be disclosed to or relied upon by any other party without our prior written consent.

    1. 2

      Opinion

      We are of the opinion that, subject to the matters referred to in this report, upon completion of the purchase of the Property, payment of the stamp duty land tax (SDLT) and registration at HM Land Registry, you will obtain a good and marketable title to

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