Selling
You will need to have an understanding of the legalisation of selling any commercial property or land.
Preparing the details for the buyer
You should prepare a buyer pack, covering all aspects of the property or land:
- Planning permissions – use classes and lawful use certificates
- Commercial Energy Performance Certificate (EPC)
- Details of business rates, stamp duty land tax and any other costs the buyer will be liable for
- Asbestos survey, if applicable
- Drainage
- Rights of way
- Any clause attached to the property or land
Accepting an offer
All offers should go through a representative (i.e nominated solicitor, representative or agent)
- Consider the position of the buyer and their financial status
- Are they a cash buyer or do they have a mortgage?
- Is their mortgage already in place – do they have a mortgage offer?
- Is the offer realistic within the current market?
Renting
Your Entitlement
You have certain rights and responsibilities if you’re a tenant.
Your Entitlement
As a tenant, you have the right to:
- Use a property / land that is fit for purpose, safe and in a good state of repair
- Have your deposit returned when the tenancy ends (and in some circumstances have it protected)
- Challenge any amendments made without prior warning or excessively high charges
- Know who your landlord is or legal owner
- Use the property / land undisturbed
- See or have a copy of an Energy Performance Certificate for the property
- Be protected from unfair eviction and unfair rent
- Have a written agreement if you have a fixed-term tenancy of more than 3 years
- Have a clearly written tenancy agreement which lists all terms and conditions. This should be fair and comply with the law.
Your responsibilities
You must give your landlord access to the property / land to inspect it or to carry out repairs. Your landlord has to give you at least 24 hours’ notice and visit at a reasonable time of day, unless it’s an emergency and they need immediate access.
You must also:
- Take good care of the property or land
- Pay the agreed rent, even if repairs are needed or you’re in dispute with your landlord
- Pay other charges as agreed with the landlord, for example council tax or utility bills
- Repair or pay for any damage caused by you
- Only sublet a property if the tenancy agreement or your landlord allows it
- Your landlord has the right to take legal action to evict you if you do not meet your responsibilities