Securing freehold purchase of car dealership
Our real estate litigation team was asked to take over handling the exercise of an option. The tenants were being met with considerable delays from landlords who had no interest in selling a valuable income producing asset. The whole process had become unnecessarily complicated with threats of litigation and a pending arbitration.
Many of the objections being raised were misconceived and by pressing ahead with an arbitration to determine the purchase price, we were able to force the reluctant landlords to recognise that they had to sell, resulting in completion of the sale at an agreed price.
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