Recent content by JPeck101

  1. J

    Advice on Service Charge. Lease vs Heads of terms

    We did not use a solicitor (I can see everyone shaking their heads now!) As I said initially, we were very green, their solicitors were very kind and helpful, they talked us all through it and advised us what would be happening at every step etc, we had everything in black and white before the...
  2. J

    Advice on Service Charge. Lease vs Heads of terms

    Thank you everyone. I think we will probably have to pay it and put it down to one of lifes lessons. We did not take legal advice upon entering into the contract, we were pleased with the terms offered and concede it is our fault for believing that because a proper solicitors drew everything up...
  3. J

    Advice on Service Charge. Lease vs Heads of terms

    I thought that would be the case :( We were under the illusion that even if they did any work, as we only take up half of the property, we would only be liable for half of the bill. They have not been out once to make any repairs. We stupidly thought the Heads of Terms were the main points of...
  4. J

    What business to start with £200k?

    I don't know what your likes, dislikes or skills are but I can say do not fall into the trap of buying stuff to sell on. Unless you are a marketing whiz you will end up with boxes of rubbish laying around. I would be more inclined to use the money to buy/part buy a home and use the next few...
  5. J

    Advice on Service Charge. Lease vs Heads of terms

    Hi Everyone, I wonder has anyone been in this scenario and can give me some advice? We took on our first commercial property as a sublet property back in 2020. It is our first retail unit after WFH so admittedly we were very green. Our store is in an old building, a shop at the bottom with a...
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