As you will know if you've been paying attention I'm selling a business and moving into a new field of work. Right now, at this precise moment in time, I'm ready to do some serious physical damage to someone. Specifically the solicitor representing my buyer.
The sale is a little more complex than it otherwise should have been because of a small oversight 10 years ago that means that I have no written lease agreement. The landlord of the property, myself, and the buyer are not too worried about this and a new lease will be granted to the buyer on completion of the sale. All 3 parties are in agreement about 99% of the detail with a few minor issues to be resolved between the landlord and the buyer but there is absolutely no expectation that they will not be able to negotiate an amicable settlement given that they are related by marriage. Everyone wants the transfer to occur on Monday. Except the buyer's solicitor. Obviously I can't name him at this point but if I could I would. I'd have his photo up here with the name of the practice and tell you all not to put any business his way.
The date of the sale was set by the buyer. The buyer has negotiated changes to clauses in the sale contract and I have agreed them all. I've bent over backwards to make sure that the transfer of the business happens smoothly and will have the minimum impact on profitability of the ongoing operation. The buyer wants it to happen on Monday. I want it to happen on Monday. The landlord of the property, utility companies, suppliers all expect it to happen on Monday. Everyone is expecting the transfer of interest to happen on Monday except for the buyer's solicitor.
Who is working for who? I thought that solicitors worked for their clients not the other way around. If I was paying his fees* I'd have phoned him every day this week telling him to make it happen. I still might. He might try to argue that he is looking out for the interests of his client but if so why isn't he working flat out to make sure that everything is in place and why is he ignoring instructions given to him by the buyer?
If you know the solicitor in question then tell him being within 30 feet of me at any point until the sale has gone through is probably going to end badly for both of us. Thanks.
*I get the impression that the buyer is not one to piss off when it comes to money. She isn't a happy bunny right now because of the extra stress he's causing her. I'd love to be in the office when she sits down with him to discuss his fee for this work. I think he might have to count his fingers once they've shaken on a price.......
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3 comments:
Keep with it fella - eye on the goal and all that. I'll see you for a pint shortly...
Indeed you will chap, indeed you will.
:o)
As an ex-conveyancer, I can tell you that :
a) there is a very good reason why there is a delay OR
b)your buyer has a crap conveyancer.
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