Making a Conditional Offer

[locutus]

I have seen a unit I'm interested in, but it's currently tenanted. I need to check the electrics to make sure that they can be adapted to my needs. However, it requires the electricians to be there all day checking everything, and since it's tenanted, I can't get anyone to do the checks necessary.

The agents said, the only way you could get in to do your checks is if you were to make an offer on the unit. I said, that I had been thinking about making a conditional offer on the unit, but it would have to be subject to the electrics meeting my needs. They said, yes, of course.

So what's the next step in a conditional offer? I know heads of terms is required. Do I need a lawyer, or someone to help with this? And what happens if the electrics do meet my expectations, am I then required to proceed with the lease?

Thank you.

 

[ethical PR]

You should never take out a lease on somewhere without involving a commercial solicitor to review the lease. You may also need a survey depending on the type of property if you are going to be responsible for a full repairing lease.

 

[Newchodge]

I have seen a unit I'm interested in, but it's currently tenanted. I need to check the electrics to make sure that they can be adapted to my needs. However, it requires the electricians to be there all day checking everything, and since it's tenanted, I can't get anyone to do the checks necessary.

The agents said, the only way you could get in to do your checks is if you were to make an offer on the unit. I said, that I had been thinking about making a conditional offer on the unit, but it would have to be subject to the electrics meeting my needs. They said, yes, of course.

So what's the next step in a conditional offer? I know heads of terms is required. Do I need a lawyer, or someone to help with this? And what happens if the electrics do meet my expectations, am I then required to proceed with the lease?

Thank you.

I think the fact that you need to ask the questions in your final paragraph is a good indicator that you should seek help from a commercial lawyer. At the very least you need to make certain that you have not inadvertently committed to the tenancy if the electrics cannot be used.