Are you thinking of converting your house or commercial building into residential accommodation?
If so have you thought of the following:
- Are there any covenants on your title restricting the conversion?
- Do you require planning permission and if so have you complied with all of the planning conditions?
- What will the terms of the new lease be length of term, amount of rent, covenants on the tenants?
- Do you intend to protect your freehold interest in the building or would you be happy for the tenants to claim the right to buy the freehold at a later stage?
Our team will help with your consideration of the above points, advise you on all aspects of the transaction including drafting the new leases and dealing with the conveyancing process.