If you have little or no knowledge or experience in commercial property law, this course is designed for you. It is the first of two one-day courses and you can attend either or both days.
Whether you are a paralegal just starting out in commercial property, a junior member of the commercial property department, or even a fee earner moving into a commercial property department for the first time – this course will prove invaluable to your work.
Whatever your role in the commercial property department, this course will enhance your own knowledge so that you can be a more valuable member of the commercial property team. Importantly, it will also equip you to be an even greater support to fee earners, which means they can then delegate more tasks and improve productivity.
Our well known and respected property expert, Hannah Mackinlay, will take you through the key aspects of commercial property law and practice – along with invaluable handouts to help you understand the law practically. You’ll go away with a comprehensive grounding in the essential law and practice in commercial property, including landlord and tenant.
Importantly, you will receive a series of checklists, flowcharts and 'main problem areas' sheets, with suggested compromise solutions; and you will be shown videos including interviews with the various parties and experts to illustrate the issues highlighted.
You will also receive a bundle of comprehensive material, including specimens of the key forms and documents:
- A commercial lease
- An authorised guarantee agreement
- A licence to assign
- 1954 Act forms
- Contract for sale
- Standard enquiries before contract
Key learning outcomes
- Understand legal and practical basics of commercial property conveyancing
- Know the necessary searches, and standard conditions and enquiries
- Identify the third parties involved in commercial transactions and their respective roles
What does this course cover?
This course covers the basics of commercial property conveyancing, and the key issues you will come across in practice, including:
- Explaining the legal jargon
- The big picture: understand the physical nature of the property, the role of other professionals involved, and the limitations of Land Registry plans and entries
- Explaining the 'players' involved in a commercial property matter: who does what and why
- Introduction to Basic Land Law
- Freehold and leasehold estates
- The role of the Land Registry
- Head leases and sub-leases
- Title indemnity policies and their role
- Stamp Duty Land Tax (SDLT) and the traps; client care considerations
- A Brief Overview of Leasehold Law
- Distinction between leases and licenses
- Enforcement of leasehold covenants: when an assignee/sub-tenant is bound by them
- Requirements under the Land Registration Act 2002
- An Outline of Basic Conveyancing Procedures
- Pre-contract searches and enquiries
- The contract stage; completion
- SDLT; registration at Land Registry
- Sale and Purchase of Commercial Property
- The procedure
- Standard commercial property conditions
- Standard corms of commercial property enquiries
- Other searches and enquiries
- Standard forms of reports on title
- Planning and Other Statutory Requirements