Sale of a freehold motel property
The sale of a freehold motel property is considered a pure property sale. The added element to this is that freehold motel purchases ae subject to a long term motel lease. An expert motel lawyer will know how to deal with both parties to the transaction and identify issues as they arise.
We regularly act for motel landlords with respect to the sale of a freehold motel property. The key issue here is normally being able to negotiate any issues that arise through the buyers due diligence (which generally relates to the terms of the motel lease currently in place or building issues). Sometimes this may mean engaging with the tenant in relation to issues raised under the lease.
It may also include dealing with any requested right of entry document required by the buyer’s financier to ensure it does not unreasonably restrict your rights as landlord under the lease.