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Thursday, September 06, 2012

The return of the commercial HIP?

For those landlords that own a commercial property William James of our legal partner Fidler & Pepper outlines one of their added services for their clients with commercial property:

"Many of you will be familiar with HIP's or Home Information Packs that were compulsory for residential sales a couple of years ago. In essence they were a good idea with the fault lying more with the execution of their introduction and their content.   With this in mind it got me thinking as one of the areas that client's get most frustrated about when starting a new commercial transaction (and residential for that matter) is the length of time  it can take filling out all the paperwork at the start of the transaction.

Fundamentally, completing documents associated with the sale prior to actually finding a buyer e.g. When the property is first marketed is actually a really good idea. It allows all the aspects of the sale to be discussed and resolved well in advance and also to identify any problems that the property may have and resolved in plenty of time before the buyer is found.  As such Fidler & Pepper have started to try and persuade agents and clients to complete all the forms associated with a commercial transaction as soon as the property is marketed. This allow contracts to go out as soon as a buyer is found, irons out any problems that the property may have and overall means that the transaction time is greatly reduced.

Best of all its Free!

We don't charge you a penny but hope that you will use us when a buyer is found.
If this is something that interests you then give us a call on 01623 451111 or email at to find out more. "

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