Commercial conveyancing is the legal process of transferring ownership of, or leasing, commercial property - office buildings, retail space, industrial units and other property used for business. It follows similar principles to residential conveyancing but is tailored to the particular needs and complexities of business property, and needs specialist knowledge of the law and regulations involved.
Commercial leases
A commercial lease governs a tenant's right to occupy business premises for a set period in exchange for rent. Leases also impose a number of other obligations on both parties, so it is always advisable to take expert advice before entering into one.
Lease assignments
A lease assignment transfers an existing lease from the current tenant to a new one. It can help a business leave a lease early, or take on an existing lease. It's important to follow the correct legal and contractual procedures, obtain the landlord's consent and assess the financial standing of everyone involved to avoid complications and liabilities.
Commercial sales and purchases
Buying and selling offices, shops, industrial units and warehouses differs from residential property in several ways. These transactions need careful planning, negotiation and due diligence, often alongside estate agents, surveyors, valuers and lenders. Buyers and sellers also need to consider tax, market conditions and how values may change.
Development loans
Development finance funds the purchase of land and the construction or redevelopment of residential or commercial property. Securing a development loan involves working closely with lenders, providing detailed project plans and financial information, and making sure all permits and approvals are in place. We can guide you through the legal side of the process.