Daniel acts for both landlords and tenants of commercial property in relation to the granting and taking up of new leases, lease renewals, surrenders, assignments and underletting’s.
Daniel also deals with the sale and purchase of both residential and commercial property and has particular experience in acting for lenders in secured lending transactions.
Experience | Key projects
- Herrington Carmichael led work for a high street bank on a deal related to a new loan to a corporate borrower for the refinancing of existing lending over part of its residential buy-to-let portfolio. The loan was secured over 6 separate houses-of-multiple-occupation (HMOs) in the city with a combined value of £7.5m.
- Assisting a national company in the rapid expansion of their network with up to 40 new sites a year being taken.
- London based nursery chain – Acting for company on the multi million pound refinance of their property portfolio.
- Acting for the Tenant in the lease of their distribution hub for an annual rent of £1.2 million.
- Acting for landlord’s in the leasehold management of their property portfolios including the granting of leases, dealing with assignments, underlettings and licences to alter.
Interests and Hobbies
Dan enjoys theatre, reading and sport. He particularly enjoys cycling and has completed several cycle rides for charity including a 250 mile fancy dress ride to Cornwall. Most of Dan’s time is now spent acting as a taxi for his four children.
I have been referring to Daniel for all my charity’s commercial property issues for over six years. In that time he has shown himself to be professional, thorough and responsive. I highly recommend Daniel and wish to extend my thanks to him for his continued hard work
Kerry and Dan provided an exceptional service. The team collaboration between them made the legal process as straight forward as possible. Even when we had issues with the lender, Kerry was able to find a resolution prior to consulting making the whole process as quick, smooth and stress free as possible.
Daniel York is always willing to assist in providing pragmatic solutions to any encounters that may have arisen coming up to completion. He often provides guidance and advice prior to deal instruction and is happy to take phone calls to discuss before instruction. His mannerism is very calming and enables all parties to keep focused on the key issues
Legal Insights by Daniel York
The default position is that commercial properties are exempt from VAT. This means that the purchase or leasing of the property would not attract VAT on the purchase price or rent.
The recent case of Monsolar IQ Limited v Woden Park Ltd demonstrates the importance of careful drafting in leases.
A break clause in a lease allows a Landlord or Tenant to terminate the lease early subject to complying with various conditions in the clause.
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Award winning legal advice
Herrington Carmichael offers legal advice to UK and International businesses as well as individuals and families. Rated as a ‘Leading Firm 2024’ by the legal directory Legal 500 and listed in The Times ‘Best Law Firms 2023 & 2024’. Herrington Carmichael has offices in London, Farnborough, Reading, and Ascot.