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How Planning Permission Plays a Role in Commercial Property Conveyancing
When acquiring or leasing commercial property—whether an office building, industrial unit, retail unit or development land—the role of planning permission is central. For lawyers, conveyancers, investors and occupiers alike, understanding how planning consent...
Commercial Property Transfer of Equity: Is It Worth It?
Transferring equity in commercial property is a decision that requires careful consideration, balancing legal, financial, and strategic factors. Whether you’re a business owner restructuring your assets, a landlord reorganising your investment portfolio, or a company...
7 Reasons to Consider a Transfer of Equity — and When It’s the Right Decision
In property ownership, circumstances often change long after the initial purchase. Relationships evolve, financial priorities shift, and investment strategies mature. Whether you own residential or commercial property, you may at some point need to change the...
Toomey Legal Flow Chart
Step 1 Your offer is accepted, and you instruct a Conveyancer. We open a file and send a client care pack for you to complete and return. UK ‘national average’ for the Conveyancing process is 12-16 weeks. Step 2 We will receive the contract documents from the seller’s...
What is the problem with leaseholds?
To answer that you first need to know: What is the difference between freehold and leasehold? IF YOU OWN THE FREEHOLD, YOU OWN THE PROPERTY INDEFINITELY. IF YOU OWN THE LEASEHOLD THEN EVENTUALLY THE LANDLORD WILL GET THE PROPERTY BACK. The problems flow really...
What is Leasehold Property?
There are two ways to own property: Freehold and Leasehold. A Freehold is when you own the property indefinitely, with Leasehold property you have the right to the property for only the length of the Lease. The Lease is granted by the Freeholder so when the Lease...