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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
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Due diligence in commercial property transactions in Scotland

Bill Meldrum

The process of acquiring commercial property should involve an extensive due diligence process. When evaluating a commercial property asset, your commercial property lawyer should endeavour to find all relevant information that may be available - and information that is not so readily available. In this article, we provide a brief introduction to why legal due diligence is important and what your lawyer will look for during the process.

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The future of the high street and department stores

billl

Throughout the pandemic, we have seen many of the UK’s most iconic high street department store brands fold, or close swathes of their high street properties. However, a recent report shows promise for the high street, with retail units being repurposed to meet the demands of modern consumers and new plans for city centres. 

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What you need to know about Turnover Provisions in Leases of Commercial Property

billl

Turnover lease rent is either entirely or partially based on the turnover produced by a commercial tenant. Rent may be decided purely on turnover itself or it may be that an additional turnover rent is charged over and above a guaranteed ‘base rent’ when the turnover reaches a certain level.

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Scottish commercial property sector on the road to recovery for 2022

billl

Several property experts have said that the Scottish commercial property sector is well on the road to recovery in 2022, following challenging times during the Covid-19 pandemic. Investment in the sector rose by 24% in 2021, with investment in the fourth quarter up 27%. In total, £1.3 billion was invested in the Scottish commercial property market last year, despite the challenges of the new Omicron variant. 

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Top Tips: Full repairing and insuring (FRI) leases in commercial property

billl

A full repairing and insuring (FRI) lease is the most common form of commercial property lease in Scotland. Its main purpose is to transfer the Landlord’s common law responsibility of repairing, maintaining and insuring the property on to the tenant. This article will explain the function of an FRI lease and explore the ways in which an experienced legal representative can advise as to how to best protect a tenant’s and landlord’s best interests under an FRI lease.

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