CONVEYANCING FAQ

Commercial leases are heavily customisable, generally lack statutory tenant protections, and typically place all repair obligations on the business tenant.

It gives a tenant the automatic statutory right under the Landlord and Tenant Act 1954 to renew their lease when it expires, unless the landlord has specific, legal grounds to object.

Under a standard Full Repairing and Insuring (FRI) lease, the tenant is entirely responsible for all internal and external maintenance and building insurance costs.

Most commercial transactions take between 8 to 12 weeks, depending on the speed of local searches, environmental checks, and funding approvals.

Exchange is when the property contract becomes legally binding; completion is the moving day when money transfers and you get the keys.

Typically between 48 hours to several weeks depending on the local council's current backlog.

A chain is a sequence of buyers and sellers linked together; if one transaction fails, the entire sequence stalls or collapses.

Yes, because a mortgage valuation only confirms the property's financial value for the lender, not its physical structural safety.