Curriculum Information

The module deals with site acquisitions/disposals and business leases and these 2 elements comprise the

following:

Element 1 - Site acquisitions/disposals:

- relevant planning, environmental, funding and taxation issues;

- commercial conveyancing procedure (reinforcing the similarities with the procedure relevant to residential

conveyancing and identifying the additional procedural requirements which apply or may apply in a commercial

context) and all relevant documentation involved in that process; and

- basic form Building and Option agreements.

Element 2 - Business leases:

- content and drafting of leases of whole, leases of part, sub-leases and related documentation;

- liability and taxation issues;

- remedies for breach of covenant;

- termination; and

- security of tenure.

The module will require students to:

- Consider, holistically, the legal, procedural, financial and taxation requirements and implications of: -

site disposals and acquisitions for development purposes, including the circumstances in which a conditional contract, option agreement or building agreement may be necessary to achieve clients’ objectives; and

granting a business lease from the perspective of landlord, tenant and/or guarantor.

- Draft, review and/or amend relevant documentation at all stages of the acquisition/disposal process and prepare, approve and complete a business lease and be able to identify what is required in order to protect clients’ interests.

-Correctly analyse, interpret and apply relevant landlord and tenant legislation and to carry out clients’ instructions in identifying and completing and/or reviewing all relevant associated forms and documents.

-Identify any professional, ethical and/or regulatory issues which arise as a result of clients’ instructions or otherwise during the course of a property transaction and recognise the appropriate course of action which then needs to be taken.