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Buying and Selling Residential Property

Buying and Selling Residential Property

Cruickshanks has specialised in property and property related matters since 1992 and have developed considerable expertise in leasehold enfranchisement and lease extensions. Leasehold properties are more common in London's West End where we are located.

Buying and Selling Commercial Leases

Buying and Selling Commercial Leases

Unless one is fortunate enough to be able to purchase the freehold of the building most business owners who are looking for a shop, factory or warehouse will need to lease premises.

Landlords will normally require from small private companies a personal guarantee from its shareholder or directors, and it is not an uncommon requirement for a 6 month rent deposit to be held by the landlord. A personal guarantee should not be lightly given and resisted if possible as it defeats the protection of limited liability.

Freeholding and Enfranchisement

Freeholding and Enfranchisement

You can purchase your freehold provided both you and the building satisfy certain conditions.

Cruickshanks is one of the legal pioneers in spreading the word about the virtues of leasehold reform both to estate agents and leaseholders. We have presented several seminars to estate agents and groups of leaseholders. Cruickshanks has become acknowledged experts in leasehold enfranchisement.

Lease Extensions

Lease Extensions

If your lease has more than 80 years remaining, you should consider extending it before it has less than 80 years. The reason for this is that once the lease has less than 80 years left, you will be required by the legislation to make an extra payment, called a Marriage Value.

Refinance

Refinance

With the interest rate constantly changing, many clients need to refinance to take advantage of good rates. We work with all the main UK lenders as well as Bank of China, East Asia Bank, First Commercial Bank and HSBC to help our client refinancing their properties.