Contact Rachel Krol
I have been a partner with Clarkslegal since 2006, having trained with Berwin Leighton ( now Berwin Leighton Paisner) and spent periods at other central London firms including Payne Hicks Beach and Jeffrey Green Russell where I specialised in commercial property law.
My work has always been very diverse, acting for a wide range of clients including FTSE 100 companies, large retailers, one of the country’s largest cinema operators, property developers, landlords and tenants of all sizes. My aim is always to ensure that I fully understand my clients’ requirements, and achieve those requirements as swiftly and efficiently as possible. I am recognised by a number of the legal guides including Legal 500 and I am always concerned to ensure that a workable answer is found to any queries or problems that may arise so that my client gains the result that they want as quickly and efficiently as possible.
I regularly advise UK and overseas companies on the acquisition and disposal of freehold and leasehold properties. I am keen to ensure that all issues that may be of concern on a purchase are discussed in detail with my clients so that they are aware of the potential risks that they are taking on. An example of this was the purchase of a large site for residential development purposes which was heavily affected by restrictive covenants preventing the use proposed by my client. This was considered in detail and the background information obtained to enable me to obtain the necessary indemnity insurance so that the proposed development could proceed.
Often linked to acquisitions and disposals are questions arising as to whether the site has all necessary easements, for example rights of way to the adopted highway and whether it is affected by any restrictive covenants that will prevent its proposed use. I am used to dealing with these queries and finding answers to any potential problem. I lectured on these topics for RICS in 2013.
I have many years experience of acting on landlord and tenant transactions, acting for both landlords and tenants. I have dealt with leases for industrial estates and units all over the country, self storage units, leases for the retail and leisure industries, having worked for a large cinema operator for many years and many large retailers and public house operators who have taken units in high street locations, out of town shopping centres and major city high streets. I am very familiar with dealing with all types of rental payments, including turnover rents.
Overage has become a standard element of property acquisitions and disposals with clients who are disposing of properties anxious to ensure that they take a share in any benefit gained by any planning permission obtained by the purchaser in the years after the disposal has taken place. I have experience of such transactions in both town and out of town sites and are able to advise on overage and clawback agreements.
I act for a number of clients, both pension funds and property companies, who acquire property for investment purposes and require clear and detailed advice on the terms of the occupational leases for the properties to be acquired. I am able to provide up-to-date advice on all potential areas of concern in leases and relevant legislation.
I have many years’ experience in advising on contracts conditional on the obtaining of planning permission, whether acting for the buyer or seller of such sites. We recently acted for a client selling a site for residential development where the acquisition was conditional on a satisfactory planning permission being obtained and, as is usual in such transactions, detailed negotiations have taken place over the meaning of “satisfactory planning permission.”
My work is varied and challenging and can range from minor property concerns to major transactions involving our company commercial and dispute resolution teams. I have over thirty years’ experience of most commercial property related matters to call upon when assisting you to find a solution to any problem that may arise. If appropriate, I can also bring in support from members of other teams in the firm who work on other areas of commercial property such as dispute resolution.
Rachel Krol has been described as "very knowledgeable"
The Legal 500
"The team is lead by Rachel Krol, who is good at explaining technicalities and identifying points of substance"
The Legal 500
"Her high level of expertise allows us to consider alternative solutions."
Chambers & Partners
"She is fast, efficient, knowledgeable and friendly."
Chambers & Partners