Posts Tagged ‘Heave’

Commercial Property Insurance: Top 5 Questions

Commercial Property InsuranceCommercial property insurance is a highly technical area and needs to be grasped by freehold owners, landlords and tenants and occupiers alike.

For freehold owners, it is just a question of making sure that the right risks are covered. These include the usual commercial risks but also third party liability. If the premises are in inner city area terrorism insurance should also be included. You need to get the advice of a surveyor or valuer to ensure that the reinstatement value is accurate. Read the rest of this entry »

Buying commercial property

buying commercial propertyIf you are buying commercial property what should you bear in mind? What are the most important factors to have taken into account before purchasing commercial property in England and Wales?

Caveat emptor (“Buyer beware”)

This principle is fundamental in English Law.   The seller is not obliged to disclose physical defects in a commercial property.  It is for the buyer to employ a surveyor to carry out a buildings survey so that the buyer is aware of any defects in the property such as subsidence, landslip and heave, damp, flooding, poor insulation, structural defects.  The surveyor will also highlight whether alterations appear to have been carried out to the property which might have needed planning permission or building regulation approval.    He will highlight issues which need to be investigated by your solicitor as part of the conveyancing process such as rights of way, asbestos survey, fire risk assessment, energy performance certificates (see below for further detail). Read the rest of this entry »

Dominic Beeton, Solicitor
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