What you should know about purchasing banking real estate in the UK

Before the registration of the transaction for the purchase of bank property in London foreign investors should take into account the most basic factors that may influence the decision to purchase. According to the regulatory decree, the client undertakes to assume the risks associated with the given real estate. This means that in case of the existence of a certain debt, for example, for the contents of an object or an utility debt to the housing cooperative, the new owner is obliged to repay all the existing debts. If the previous owner of banking real estate has signed a lease and acted as the lessor, the new owner of the facility is obliged to wait for the expiry of the lease, and only then request the tenant to vacate the building.