Services
Commercial Property
Commercial conveyancing is the legal process of transferring ownership of or leasing commercial properties. It involves similar principles to residential conveyancing but is tailored to the unique needs and complexities of property transactions. Commercial properties include office buildings, retail spaces, industrial facilities, and other non-residential properties used for business purposes. Commercial conveyancing is a complex and detail-oriented process that requires specialised knowledge of commercial property laws and regulations. It is essential for all parties to engage experienced solicitors or conveyancers who can assist them with commercial property matters.
Commercial leases and lease assignments
Commercial leases are documents that govern the rental of commercial properties by tenants. These arrangements are commonly used by businesses to secure space for their operations. The lease grants the tenant the right to use a space for a set period of time, in exchange for the payment of rent. Leases will impose a number of other obligations on the parties to them and it is always advisable to seek the advice of an expert before entering into one.
Lease assignments
Lease assignments are the transfer of an existing lease from the current tenant, to a new tenant and can be beneficial for businesses looking to exit a lease agreement early or for those looking to acquire an existing lease. However, it’s important to follow the legal and contractual procedures, obtain landlord consent, and carefully assess the financial capabilities of all parties involved to avoid potential complications and liabilities. It is, therefore, always advisable to seek expert legal advice before entering into such a transaction.
Commercial sales and purchases
Commercial sales and purchases are transactions involving the buying and selling of commercial properties, which can include office buildings, retail spaces, industrial facilities, warehouses, and more. These transactions differ from residential property transactions in several ways due to the unique considerations associated with commercial properties. Commercial sales and purchases can be complex and require careful planning, negotiation, and due diligence. Many commercial property transactions involve legal professionals, estate agents , surveyors, valuers and lenders to facilitate the process and ensure that all aspects of the transaction are handled correctly. Additionally, buyers and sellers should be aware of tax implications, market conditions, and the potential for property value appreciation or depreciation over time. It is, therefore, always advisable to seek expert legal advice before entering into such a transaction.
Development loans
Development loans are a type of financing used by property developers and investors to fund the construction or redevelopment of residential or commercial properties. These loans are specifically designed to provide the capital needed to acquire land, develop it, and construct new buildings or improve existing ones. Securing a development loan is a complex process that involves working closely with lenders, conducting comprehensive project analysis, and ensuring all necessary permits and approvals are in place. Developers should be prepared to provide detailed project plans and financial documents to demonstrate the viability of their development project to potential lenders. When entering into a development loan, it is always advisable to seek the advice of an expert to assist you with such matters.
