Care Home Premises
Blacks Solicitors’ specialist Care Home team provide practical, cost-effective legal advice to care home operators buying or selling care home premises in England and Wales.
Our Care Home team includes commercial property experts who have the breadth of skills and knowledge to assist and advise you in relation to Leases, Loan Agreements, Mortgages, Security, Option Agreements, and Development Agreements.
Leases
As a care home owner, the main points to consider when negotiating a Lease include:
- The term for which the Lease is granted
- The rent payable
- The extent of the property to be leased
- The repairing and insuring obligations of the Lease
- Provisions for alterations
- Provisions for subletting and/or assigning a Lease
These are just some of the points that our team can ensure are adequately defined within a Lease to best protect your needs.
Mortgages and Security
Whether you’re purchasing a new property with bank funding or taking a loan to be secured against a property that you already own, our team can act for you (and/or the bank) to check the title to the property and give the independent legal advice that is required.
Buying or Selling Premises
The first step in formalising any sale or purchase is to enter into a contract with the other party. Sometimes an Agreement to buy or sell a property, or take a Grant of a Lease, will depend on additional factors such as the grant of planning permission or the surrender of an existing Lease.
We can assist and advise on conditions of the Agreement and the consequences of the conditions not being satisfied.
Once a contract is agreed we can then draft the documentation and carry out the formalities to successfully sell or purchase a property.
Option Agreements
An Option is a right (but not an obligation) for a potential buyer to acquire property from a seller at a specified price (or a price to be calculated in accordance with a pre‑agreed formula). This would generally be exercisable during a specified period.
Development Agreements
A Development Agreement is used to commit a tenant/purchaser to let/purchase a property following the erection of a building to the standard set out in the Agreement. In property development, we are usually involved with the client from the planning stage onwards.
We advise on appointments of the professional team, including the negotiation of Collateral Warranty Agreements, and will liaise with them in connection with the negotiation of the Development Agreement through to completion of the project.
If you are the owner of a care home business and would like more information about Blacks’ services, or for a free no obligation discussion, please email or call our Care Home team today on 0113 207 0000.
