Commercial Leases

SALES

Our fees for a commercial lease sale are usually between £895-£1,800  plus VAT plus disbursements, if any. If a licence to assign is needed, it is likely to be nearer the higher end of the estimate. You may also have to pay the landlord’s fees which are likely to be charged at a substantially higher hourly rate than ours.

PURCHASES

Our fees for a commercial lease purchase are usually between £1,200-£2,200  plus VAT plus disbursements if any. If a licence to assign is needed, it is likely to be nearer the higher end of the estimate. The only likely disbursements we are aware of will be the local search fee, stamp duty and Land Registry fees.

 

OUR FEES

Our standard hourly charge out rate is £150 per hourRoutine telephone calls and outgoing letters and emails are charged at £15 each, incoming emails and letters are charged at £8 each. We do not charge for emails forwarded to you without comments attached. VAT is also payable where applicable.

 

A higher hourly rate may be charged for some matters where they are complex or high risk, e.g. because of the amount involved or the complexity, but we will specifically advise you if this is the case.

We will accept instructions without receiving any payment on account but on a purchase we will require £500 on account of our costs before we start going through any of the documentation involved, for example the lease.  We will also need the search fee to be paid on account if a local search is required.

© 2019 by Ferns Solicitors 

Ferns is authorised and regulated by the Solicitors Regulation Authority (number 79274).

Nothing on this site should be treated as legal or practical advice. The information should be treated as a guideline requiring specific legal advice.