Part 83 amendment and handling SPO breaches
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Perhaps you are a long established business, trading out of premises which you own and you wish to liquidate the equity in your premises?
Or do you need an injection of capital for a new project? However, you are struggling to obtain bank finance and you need to retain the goodwill associated with continuing to operate from your current location?
Sale and leaseback arrangements can often deliver good returns and, if structured well, mean that the leaseback can be on terms which – whilst robust enough to attract and satisfy an investment purchaser – can ensure that tenant covenants are not unduly onerous, and where appropriate, can allow for different exit strategies to cater for your future needs.
Our involvement can begin when planning the structure of a deal, or once terms have been agreed – making it flexible for you. Where appropriate, and with input from accountants, we will ensure that the deal is structured in the most tax effective way for you.
Croftons is the trading name of Croftons Solicitors LLP, a limited liability partnership registered in England and Wales with number OC343375. The term ‘partner’, if used, denotes a member of Croftons Solicitors LLP or a senior solicitor of Croftons Solicitors LLP with equivalent standing and qualifications. A full list of members is open to inspection at the office. Croftons is authorised and regulated by The Solicitors Regulation Authority (SRA) number 508041. Croftons has its principal place of business at The Lexicon, Mount Street, Manchester, M2 5FA.