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Sale and leaseback is a property transaction where a seller disposes of a property and immediately leases it back from the buyer. A solicitor in this area handles the sale conveyance, investigates title, and negotiates the lease terms. They draft and review the sale contract, the long-form lease, rent provisions, break options, service charges, and repair covenants, and they coordinate with the landlord, the purchaser, and the client’s business team. The aim is to secure a clear, enforceable agreement that sustains the client’s ongoing occupancy and use.
