Managing the legalities of a growing commercial property portfolio gets more difficult and time consuming with each new property you acquire.
When you’re working in such a busy market – government statistics suggest there were over 68,000 non-residential properties bought and sold in the UK in 2014 – we understand how hard it can be to juggle acquisitions, sales, leases, and subleases, not to mention tricky matters such as land registration.
At First4lawyers, our commercial property solicitors can make managing portfolios of all sizes simpler by taking on the legal matters.
It’s quick to contact us to discuss your property portfolio and how we can assist you. We work hard to ensure our clients are represented by a solicitor with detailed knowledge of the type of property contained in their portfolio.
What is portfolio management?
It refers to the process of looking after investments – generally in terms of weighing the buying, selling, and development of those investments based on things like assets, objectives, and risk. In the case of commercial property, those investments could be things like retail spaces, offices, or leisure facilities.
There are a number of legal liabilities and potential costs involved in the management of any commercial property portfolio.
Making property acquisitions and disposals is often a delicate process, and having a skilled property solicitor working on your behalf can save you time that can be better spent taking care of your business.
They can also handle any disputes that arise during the granting or renewing of leases, and take away the worry of making costly errors that might lead to unnecessary expense.
How can a solicitor help with commercial property portfolio management?
As well as handling leases, a solicitor can help in commercial property portfolio management through:
- Acquiring consent for property alterations
- Service of statutory notices
- Option agreements
- Making claims for dilapidations
- The recovery of rent arrears
- Enforcement of lease terms
- Managing service charge issues
- Making applications for lease assignments
- Making applications for sub-letting
I need legal help with my commercial property portfolio – what should I do?
It will likely be best to seek the assistance of a solicitor who specialises in commercial property. They will be best placed to help with any issue you may have.
Whether you are a beginner investor or the owner of an expansive commercial property portfolio, by contacting First4lawyers we can identify a solicitor with the appropriate skills and background to work towards solutions for any of your problems.