FDR Law advise pub chain on £17.9m sale Warrington based pub group Bravo Inns has been acquired by the Hawthorn Leisure arm of property investment firm NewRiver REIT plc in a deal worth £17.9m, with FDR Law’s Corporate team...
FDR Law has extensive experience in acting for both landlords and tenants in all sectors from logistics and industrial to offices, retail schemes and the leisure industry. Our clients know that when they instruct us they will receive a consistently high level of expertise and professionalism. We aim to always go above and beyond usual client expectations and to progress transactions from heads of terms to completion as quickly as we can, proactively managing the process to ensure that we achieve the desired outcome.
We are experts in negotiating and drafting all forms of tenancy agreements whether that be new leases, agreements for lease, licences to occupy, underleases and simple tenancies at will, particularly if occupancy requirements are urgent whilst terms are being finalised. We also advise on the full suite of other ancillary leasehold documents such as guarantees, deeds of variation, rent deposit deeds, agreements for landlord and tenant works and landlord consent licence applications.
All businesses will at some stage experience a company restructure which will inevitably have implications on their property portfolio. FDR Law understand that companies need to make such changes on occasion and are confident to facilitate making this transition as quick and simple as possible. FDR Law are able to guide clients through the process and lease requirements seamlessly so that the business can focus on what it needs to.
For the team at FDR Law drafting applications relating to a restructure, for instance where it becomes necessary to apply to a landlord to assign or underlet a lease, comes as second nature. We are accustomed to dealing with complex, large scale restructures and simple licences applications and advising our clients on potential liabilities under the lease going forward.
The demand for flexibility within leases for the modern tenant has become increasingly apparent over past years. As a consequence, new leases are being granted for shorter periods of time and so the need for high quality, tailor-made renewal leases has never been more prevalent.
FDR Law can assist with negotiating and drafting bespoke renewal leases and renewals under the Landlord and Tenant Act 1954. Our work extends to drafting reasonable modernised terms, headline rents against rent frees, alienation, break options, service charge and appropriate repair obligations, which is of course paramount to all clients.
Our clients choose us because we provide them with the technical expertise and commercial awareness required to manage their property portfolios in an efficient and timely manner.
It is important to both landlords and tenants that repair obligations contained within a lease provide an appropriate level of protection in respect of the condition the Property is to be delivered back to a landlord in at the end of the contractual term.
When acting for landlords FDR Law try to negotiate strict but common sense reinstatement obligations to ensure that property assets are returned in good condition. When acting for tenants, we advise on the implications of reinstatement provisions contained in current and potential leases to minimise the extent of any repair obligations and any dilapidations liability that a landlord can pursue.
We also offer a variety of alternative dispute resolution services should this become necessary. Under challenging circumstances our clients can obtain advice from our team of property litigation solicitors with regard to repair obligations and dilapidations liability.