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Buying Advice

Property Purchase

With all property purchases it is very important that you take qualified legal advise.

Property law is incredibly complex and varies from country to country.

Ensure that the vendor IS THE RIGHTFUL OWNER of the property and has full title deeds available. In the event these are not available or your solicitor [and yourself] cannot be satisfied that the property can be guaranteed to be yours walk away from the sale. You are better advised to lose some money on legal costs than risk it all.

Ensure that you are satisfied any agreed works to be carried out [if there are any] are agreed in writing and if necessary withhold funds until work is complete.

Business Property Purchase / Lease

Ensure that the business has been valued by a professional.

Ensure that the vendor IS THE RIGHTFUL OWNER of the property and has full title deeds available.

If taking a Lease on and you are inexperienced in this field ensure that you understand how long the lease is for what price increases can be added and when and check if there is a break clause.

In any instance if agreeing the purchase of fixtures and fittings ensure a detailed inventory is supplied.

If the business is to be your sole source of income ensure that you have a reserve of money to cover unexpected costs. Repairs Equipment failure and Slow Trade can devastate your plans.

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