Getting your ducks in a row
- AuthorStephen Proctor
Whether they are buying, leasing or selling commercial property, our job is to help our clients strike the right deal for their business and to deal with any issues that might threaten to delay or compromise a successful conclusion.
Where transactions rely on bank finance, it really makes sense to ‘get your ducks in a row’ as soon as you can. Even if commercial lenders give approval in principle, they want to see relevant title and other searches, lease documentation and other relevant paperwork well before they give final agreement to hand over hard cash. Some elements of the ‘paper trail’ can take time to assemble so we always encourage clients to engage with this aspect as early on in the process as possible.
Getting the necessary paperwork in order at an early stage may not necessarily prevent your transaction completing but it will definitely make the transaction much more efficient and cost effective from your point of view.