Advice for Commercial Rent Deposits & Rent Deposit Deeds
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This product is for our drafting to the specification we have been told is agreed for a contract to take or give cash security for the obligations in a lease of commercial property.
Our holding the security ourselves is our ESCROW service
The product does not include our involvement in the agreement of those terms – see Commercial Property Agreement
How long will it take?
We don’t generally do anything for new clients until our process of client retention has concluded – this involves agreeing the scope of what we are doing for the price (our terms are below), setting-up our client record (that includes ID checks), and producing the bill (payment in advance is required for all new clients).
After that, the production of the deed a job that we can undertake in a few hours once we can schedule it in our workflow, that can depend on how busy we are at any particular time. We would not usually take-on a job for which we could not engage within about a working week.
Some type of Deposit should be registered at Companies House – we will advise in detail on being instructed.