Investment acquisition—team briefing sheet (leasehold) [Archived]
Investment acquisition—team briefing sheet (leasehold) [Archived]

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

  • Investment acquisition—team briefing sheet (leasehold) [Archived]

We have been instructed by [name of Buyer] (the ‘Buyer’) in connection with the purchase of [name of centre/estate/park/building] (the ‘Property’). The Property is sold with the benefit of and subject to occupational leases.

This is an investment purchase. The Buyer will continue to use the Property as a [insert existing use, eg commercial shopping centre/industrial estate/retail park/office building]. Unless informed otherwise proceed on the basis that the Buyer does not intend to redevelop or carry out alterations.

Basic details of the transaction

TenureLeasehold
Title[Registered with title number[s] [insert title number(s)] OR Unregistered]
Sale of part[Yes [insert details]
OR
No]

Parties to the transaction

Buyer[“`insert buyer’s name] [of [insert address] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [address]]
[The Buyer is a [partnership OR bare trustee OR nominee]]
Buyer’s agent[insert details]
Seller[insert seller’s name] [of [insert address] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [address]]
[The Seller is a foreign company]
Seller’s solicitors[insert details]
Seller’s agent[insert details]

Reporting to the Buyer

We are using the LexisNexis® suite of precedents, which are specifically designed for the leasehold purchase of a property subject to occupational leases. The Buyer will receive

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