Sale, Purchase Or Lease Of Licensed Premises

The sale, purchase or lease of any licensed premises raises a number of issues which must be carefully considered in the transaction so as to protect your interests and investment. 

These include:

  • Transfer of liquor licenses

  • Determining which party holds the gaming machine rights where there is a sale of a hotel

  • Special conditions relevant to contracts for sale

  • Options

  • The value of the business and liquor license

  • Compliance issues

  • Whether a mortgagee needs to be taken into account and if so what consents are necessary

  • Impact of lease clauses