Commercial property

 

Commercial property law deals with the process through which interests in commercial property are created and transferred.

What is the law on commercial property?

Commercial property law lays down clear procedures for a solicitor and also sets out the position for both a buyer and a seller during the sale or acquisition of commercial property or land. Commercial property is essentially property used for business or office purposes, not for residential purposes.

When purchasing a commercial property, you will be required to enter into a legally binding contract with the seller. The contract may affect your rights and may impose certain legal obligations on you. This is where commercial property law plays an important role.  It regulates your rights and obligations under the contract, and this can help you to avoid problems that cost you money and time.

The extent of the commercial property law advice you require depends on you.  It can be as broad as you want it to be. In addition to preparing/ reviewing the contract, it will generally include:

  • Reviewing title to ensure that the commercial property is clear and can be transferred
  • Ensuring that there are no interests registered against the commercial property, which could affect your enjoyment such as restrictions on use or rights of way enjoyed by others, which may inconvenience you

In order for legal ownership to pass to you, commercial property law requires the registration of all legal documents. Importantly, should a transaction not materialise, commercial property law provides you with rights and remedies to help protect your position.

How can a lawyer help?

Our commercial property lawyers can provide you with guidance and practical assistance on all aspects of commercial property law in the UK. Our commercial property solicitors are specialists in the area and are up to date on all issues and regulations relating to the commercial property and construction sector.

Our commercial property solicitors can provide you with expert advice in relation to all aspects of your business planning, including:

  • Property development
  • If you are intending to purchase or sell commercial property
  • If you are thinking of leasing such property

Our commercial property solicitors can advise you on:

  • Any purchase or disposal of commercial property for investment purposes
  • Developing an area for residential and commercial developers
  • General property portfolio matters including landlord and tenant issues

In addition, our commercial property lawyers also have experience of raising the necessary finance for commercial property projects and can assist you with negotiations and provide you with additional specialised advice, whether this be tax advice in relation to the property or dispute resolution procedures should this become necessary (please see our property disputes page for more information).

Whether you require advice on straightforward property transactions or more complex projects, our commercial property solicitors will be able to help you maximise your investment.

Are you looking for a property lawyer who specialises in commercial property, rather than residential property? Contact Law can put you in touch with an expert commercial property solicitor who can help you with any aspect of the commercial property process.

Call us on 0800 1777 162 or complete the web-form above.

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