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Partners faced with £800,000 potential liability following practice closure


I also took out a 25 year lease on premises from a private developer however I did have a signed legal agreement from the pct in 2006 committing them and successor bodies to taking on responsibility if no other party could be found to take on this lease. It remains to be seen if this is legally enforceable !The problem is of course that if you own a property you can always sell it (although that assumes it has an alternative use), while a long lease is much more difficult to transfer.

Posted date

04 Aug 2016

Posted time