Maximise returns and minimise risk across your tenanted properties. Our expert commercial property solicitors provide strategic advice on the acquisition, active management, and disposal of multi-let office buildings.
Managing a multi-tenanted building requires specialist legal knowledge beyond standard conveyancing. Our service is designed to protect your investment and streamline your management processes.
We conduct rigorous due diligence on all existing leases, tenant covenants, and service charge histories before you commit to purchasing a multi-let building.
Discuss an AcquisitionWe draft and negotiate new commercial leases, manage renewals, and handle complex issues like lease assignments and subletting to maintain occupancy.
Manage Your LeasesWe provide expert advice on drafting clear and enforceable service charge clauses to ensure you can recover the costs of maintaining the building from your tenants.
Review Service ChargesWe provide robust representation in all landlord and tenant disputes, including rent arrears, breaches of covenant, and dilapidations claims to protect your asset's value.
Resolve a Dispute
A multi-let office building is a complex and valuable asset. Our advice is always commercially-astute, designed to protect your investment, enhance its value, and help you achieve your strategic objectives.
We structure leases and service charge provisions to maximise your rental income and ensure the smooth running and recoverability of costs for your building.
We understand the commercial realities of property investment. Our solicitors provide proactive, pragmatic advice to help you stay ahead of potential issues.
Your case will be handled by a senior solicitor with deep expertise in commercial property law, ensuring you receive the highest calibre of advice.
Our strategic advice turns complex challenges into profitable opportunities. Here’s how.
An investor identifies a multi-let office building with a strong yield but a mix of old and new leases.
The inconsistent leases and a poorly managed service charge account pose a significant risk to future income and asset value.
A deep due diligence exercise is conducted, identifying all liabilities. A strategy is put in place to standardise new leases and formalise the service charge upon acquisition.
The investor proceeds with a clear understanding of the asset, a strategy to enhance its value, and a reduced purchase price to reflect the identified risks.
A landlord of a fully-let building wants to sell it as a high-yield investment, but discovers several tenants have informally sublet their spaces.
The unauthorised subleases create a legal mess, devaluing the property and making it unattractive to potential purchasers.
A formal process is undertaken to regularise the tenancies. Licences to sublet are formally granted and documented, clarifying the legal position for all parties involved.
The building's legal status is clarified and its value is restored. The landlord is able to proceed with a successful sale to an institutional investor, achieving the full market price.
The most critical element is the existing leases. Our due diligence process involves a deep review of every lease to check for break clauses, rent review provisions, repair obligations, and any unusual terms that could affect the building's value and income stream.
We will demand and scrutinise the last three years of service charge accounts. We check for any history of disputes, large shortfalls in collection, or upcoming major works that could lead to significant and irrecoverable costs for you as the new landlord.
Collateral warranties from the original construction and design teams can be vital. They provide a legal route to claim for defects in the building's construction. We investigate whether these warranties are in place and can be assigned to you.
The best opportunity is upon renewal or when a new tenant moves in. We can draft a standard, modern, and robust template lease for your building. This simplifies management and ensures all tenants have clear, consistent obligations.
You must not unreasonably withhold consent. We can advise you on the legal process for vetting the new tenant (the 'assignee') and drafting the 'Licence to Assign' to ensure the transfer is documented correctly and your interests are protected.
Your ability to recover service charges depends entirely on the wording of your leases. We can review your existing leases to identify any weaknesses and draft ironclad service charge provisions for all new tenancies to ensure full recoverability.
Whether you are buying, selling, or managing a multi-let office building, our expert solicitors are here to help. Contact us for a confidential discussion.
Request a Callback Today0330 333 8797
info@wildings-solicitors.co.uk
862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG
Monday to Friday
9.00am - 5.00pm
Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
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