I’ll take your business but not your problems! – The importance of understanding lease reinstatement obligations when purchasing a business

Buying an existing business can be an exciting but stressful process. Along with assuming the rights to exploit and grow an existing enterprise, the purchaser also assumes numerous obligations and liabilities. Apart from taking on the responsibility for employees, maintenance of assets and responsibility for ongoing management, part and parcel of the obligations assumed will [...]

2019-04-29T23:09:56+00:00April 29th, 2019|Business Advice, Contracts, Corporate Advisory|Comments Off on I’ll take your business but not your problems! – The importance of understanding lease reinstatement obligations when purchasing a business

Assignment of a Lease: When Can a Landlord Refuse to Consent?

We are often approached by landlord clients who are faced with the following tricky decision: Should I consent to a lease assignment (transfer) at my commercial property in circumstances where the proposed new tenant has few assets and little business experience? It is a stressful decision, particularly where the current tenant looks to be in [...]

2018-09-05T23:25:32+00:00September 5th, 2018|Business Advice, Contracts, Property|Comments Off on Assignment of a Lease: When Can a Landlord Refuse to Consent?