Hello Everyone,
To keep this simple and vague and please forgive me for not divulging more.
AHA land needed for development.
Deal on heads of terms agreed.By our acting agent with landlord.
Nearly 12 months of promised ‘getting the deal done’ and a new tenancy to successor and compensation sorted still not forthcoming.
Landlords lawyer not sending revised tenancy etc.Seems all delayed and our lawyer saying it’s a little weird.
Now access needed urgently for pre planning digs etc.
Our Lawyer advising against access for landlord as not forthcoming with the correct documentation and transfer of tenancy etc as promised.
Landlord and promoting developer saying we are holding planning and that giving access does not prejudice the deal we’ve agreed and if we continue to deny access then the whole development will be compromised and then we’ll get nothing.
Lawyer of landlord now come alive after all delays saying he can possibly give an email of comfort to our side in exchange for access.I’m saying get the deal done and you can do what you want ! Somehow this doesn’t happen.
My concern is if we agree to the letter of comfort or whatever it’s called to give them more time to prepare (which is very rushed and under pressure from them) if planning is achieved by giving access then I worry they can revert to a 3 month notice to quit that can be given with no compensation needed as agreed other than the standard from the landlord.
Where do we stand and what should we potentially do?
Again sorry for being simple with the logistics of it all.
To keep this simple and vague and please forgive me for not divulging more.
AHA land needed for development.
Deal on heads of terms agreed.By our acting agent with landlord.
Nearly 12 months of promised ‘getting the deal done’ and a new tenancy to successor and compensation sorted still not forthcoming.
Landlords lawyer not sending revised tenancy etc.Seems all delayed and our lawyer saying it’s a little weird.
Now access needed urgently for pre planning digs etc.
Our Lawyer advising against access for landlord as not forthcoming with the correct documentation and transfer of tenancy etc as promised.
Landlord and promoting developer saying we are holding planning and that giving access does not prejudice the deal we’ve agreed and if we continue to deny access then the whole development will be compromised and then we’ll get nothing.
Lawyer of landlord now come alive after all delays saying he can possibly give an email of comfort to our side in exchange for access.I’m saying get the deal done and you can do what you want ! Somehow this doesn’t happen.
My concern is if we agree to the letter of comfort or whatever it’s called to give them more time to prepare (which is very rushed and under pressure from them) if planning is achieved by giving access then I worry they can revert to a 3 month notice to quit that can be given with no compensation needed as agreed other than the standard from the landlord.
Where do we stand and what should we potentially do?
Again sorry for being simple with the logistics of it all.