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Latest News
When does a commercial property lease become legally binding?
A commercial lease often has more flexibility than residential ones, as it’s assumed that the landlord and tenant are more experienced due to their shared role as business owners. Nevertheless, commercial tenants should take the time to check that everything in the...
What is equity release?
When buying property, it’s important to look ahead and plan what the investment can be used for later. One way to make use of the value of a property is through equity release. To help buyers and sellers get the most out of their property transactions, we’ve put...
What conveyancing fees can I expect for a commercial property purchase?
When buying commercial property, it’s important to consider all the potential extra costs that might come with the transaction. While conveyancer fees are a part of commercial property purchases, this is a necessity to ensure the transaction follows the right process...
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...
So what exactly happens when you’re buying a property?
Your Toomey Legal step-by-step guide This is a very brief step by step guide of the purchasing process. There may be additional things come up which means that one or more of the stages are not applicable or they may be delayed due to individual circumstances. Toomey...