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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.
They work through the title transfer, verify planning and use rights, draft or review the lease with rent review mechanics and repair obligations, and ensure proper notice and assignment provisions. They also handle common issues such as dilapidations, warranties, and security for the buyer while aligning with tax considerations and funding arrangements.
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