Is Your Partnership Property in Order?

Partnership Property Health Check

• Is the legal title to the property in the names of current partners?
• Are you using the full legal name of each partner in any contractual paperwork (ie full name as shown on their birth certificate)?
• Is your Partnership Agreement up-to-date to reflect the property owning arrangements?
• Have you informed your Bank of any departures or new joiners in the Partnership?
• Does your buildings insurance:

- in the names of the partners named on the legal title and not in the name of the 'Partnership'?

- include appropriate reinstatement cover?

- have the names of the other partners endorsed on the policy?

- include cover for a minimum of three years loss of rent insurance to cover any leases in place at the property to third parties?

• Do you have a 'Display Energy Performance' certificate and it is on display in the surgery premises and is the rating at least level 'E'?
• Do you have an asbestos report to show that you have identified and are managing any asbestos risks at the Property?
• Do you have a current fire risk assessment and keep it under review?
• Do you have a current legionella's assessment?
• If you are a tenant of your premises, have your rent reviews been carried out and properly documented?
• Are any third parties who regularly use space in the property properly documented (a licence or lease arrangement)?
• Are the rent reviews up-to-date in any Leases to third party occupiers?
• Are you recovering all the financial contributions you are entitled to from occupational tenants? For example, insurance/service charges/rates?
• Have any occupational leases or licence arrangements expired? Or are any about to expire?

If you have answered no to any of the above, please contract Rebecca Beardsley in our Healthcare Commercial Property team on 0117 314 5325, or complete the form below.