Commercial property is one of the traditional strengths of TWM. Recognised in both The Legal 500 and in Chambers UK, our large team are spread across our Surrey and London offices.
We act for clients in the acquisition and disposal, both freehold and leasehold, of the full range of commercial property. This includes retail shops, offices, warehouses, hotels and public houses, filling stations, colleges, golf clubs and medical practices, to name a few.
Commercial property development work recently undertaken by the team includes a large scale multi-use site, such as the regeneration of a central part of a historic city, involving joint ventures with the local authority and other partners.
Auction sales are a regular feature of the team’s work, whether of licensed premises or significant commercial property portfolios.
Security and property finance work is also an integral part of the team’s role. We advise banks and other lenders on the taking of mortgages, debentures and other securities, and we also advise private clients and business proprietors on guarantees, second charges and other collateral security required to fund their business operations.
Finally, we offer a wide range of advice on all aspects of commercial leases including:
the tenant’s ability to dispose of the premises by assignment or underletting;
termination and renewal of leases under the Landlord & Tenant Act 1954;
whether the tenant carry out alterations to the property;
permitted use and planning issues;
stamp duty land tax on lease premium and/or rent;
dilapidations and liability for repairs; and
the consequences of the tenant’s insolvency, whether by liquidation, receivership or administration.
We act for both landlords and tenants of commercial premises and so have detailed knowledge and understanding of commercial leases from both sides of the transaction.
For more details of our commercial property work, please contact the Head of Department, Adrian Price.