Commercial freehold acquisition 

If you are contemplating purchasing a commercial property for an investment or to occupy as a business, it is important to understand the fundamental differences between a freehold owner as opposed to being a leasehold tenant occupier.

 

It is also important that if you are planning on owning the property as an investment that the value of your asset is preserved going forward. This means that you should have adequate surveys carried out, searches and research on title etc. to ensure that the value of your property is maintained when you come to sell.

 

There may be restrictive covenants on title which affect your use of the property, such as: contamination, restrictions in connection with various uses, prohibiting unsociable uses or restricting opening hours.

 

There may also be obligations with respect to maintenance and ownership of boundaries, fences and party walls etc.