ABSTRACT
The opportunity to invest in 'new' surgery premises should be an asset in every sense of the word. It is difficult adequately to explain the points you need to consider without first considering the basic principles relating to property ownership and occupation. The application of simple common sense is not sufficient because, like an iceberg, the majority of the problems lie beneath the surface and are not immediately apparent to the lay person. 'Ownership' relates either to a freehold or to a long lease at a 'peppercorn' or nominal ground rent. The legal title will usually be evidenced through a land certificate (where there is no mortgage) or a charge certificate. A sole owner will have both the legal and equitable interests in the property vested in his or her name. A lease grants a tenant the lawful right to occupy the property throughout the term granted by the lease.
