Whether you own several properties or are looking for your first space, we can offer expert guidance and a deep understanding of the local commercial landscape, ensuring a smooth and stress-free process.
If you would like to discuss your proceedings in more detail, please don’t hesitate to speak to one of our expert commercial property lawyers today.
Why Choose GloverPriest for Your Commercial Property Needs?
- Experienced and Regulated: With years of experience in commercial property law, and regulated by the SRA, our solicitors are well-versed in handling even the most complex transactions. We ensure every detail is managed professionally, giving you peace of mind throughout the process.
- Nationwide Service: We help commercial clients across the UK, offering expert legal advice and support no matter where you're located.
- Transparent Fees: We believe in clear, upfront pricing, so you know exactly what to expect with no hidden costs or surprises along the way.
- Direct Solicitor Access: You'll have direct communication with your solicitor throughout the transaction, ensuring your questions and concerns are addressed promptly.
- Personable and Efficient Service: Our modern, flexible approach means you receive the tailored support you need, precisely when you need it.
Our Commercial Property Services Include:
We provide a wide range of commercial property legal services to meet your business needs, including:
Do I Need a Local Commercial Property Solicitor?
At GloverPriest, we make the process simple by working with you in a way that suits you best - whether that’s in person or via phone, email, or video calls. This means you no longer need to come into our offices to manage your commercial property transaction unless you'd like to.
Whether you're buying or selling a commercial property, our team is experienced in handling transactions across the UK, ensuring everything runs smoothly no matter where you're located.
What Should I Look for When Instructing a Commercial Property Lawyer?
Choosing the right solicitor can make all the difference when it comes to your commercial property transaction. It’s important to find a solicitor who’s not only regulated and accredited but also has hands-on experience in similar deals to yours.
Whether you’re purchasing a retail unit or selling a warehouse, having a solicitor who’s familiar with the type of transaction you're involved in helps things move along more efficiently. Look for a solicitor with positive reviews and someone who communicates clearly, so you know exactly what's happening every step of the way.
When Should I Instruct a Commercial Property Solicitor?
It’s a good idea to instruct a knowledgeable solicitor as early as possible when you're buying or selling a commercial property. This ensures that things like surveys, title checks, and contracts are sorted quickly, avoiding unnecessary delays.
Your solicitor will work with you through the entire process, from initial enquiries to exchanging contracts and finalising the deal, ensuring everything is in place for a smooth transaction.
Buying a Commercial Property
Before committing to a commercial property purchase, you should assess what's not working in your current setup and figure out your current and future needs, considering location, space, and functionality. Market research helps shortlist potential properties.
Once you have found your commercial property, the next step is to get more information about the space
Key steps in the process include:
- Survey: A thorough property survey can highlight any potential issues like structural damage or things like historical environmental concerns or prior disputes to light. It's worth noting that specific searches may be needed by your lender. These third-party reports help identify details about the property and its surroundings, information that might be challenging to obtain through other means.
- Title Checks and CPSEs: We will review the property’s title and pre-contract enquiry (CPSE) responses to make sure you’re sufficiently protected and to avoid any surprises. The answers to CPSEs should be accompanied by copies of the documents and reports that are discussed in the answers.
- Mortgage Offer: We work through the mortgage offer and necessary paperwork, preparing personal guarantees if needed or liaising with your lender for additional requirements.
- Exchange of Contracts: Once all due diligence is complete, contracts are exchanged, and the deposit is transferred. This legally binds both the buyer and seller to the agreed terms.
- Completion: On completion day, purchase funds are transferred, and the buyer becomes the new owner. The buyer's solicitor handles post-completion tasks, including registering the legal charge, submitting tax returns, and registering ownership at the Land Registry. The buyer notifies relevant authorities of the move.
Selling a Commercial Property
Just like with residential properties, when you’re selling a commercial property it's essential to eliminate clutter, ensuring the property is presentable and appealing to a wide audience. This not only enhances the property's aesthetic but also allows potential owners to envision their business thriving in the space.
Other key steps include:
- Information Pack: Prepare a comprehensive pack of key details, including details on planning permissions, energy performance certificates, local transport, business rates, and other costs, to help prospective buyers make informed decisions.
- Understanding Buyers: Work closely with your solicitor to manage deposits, contract exchanges, and the overall legal process. The right solicitor will make sure the sale progresses smoothly.
- Survey and Enquiries: The buyer will usually arrange a survey of the commercial property. After this, the title will be reviewed and The Commercial Property Enquiries (CPSEs) and searches requested.
- Exchange and Completion: The process moves towards the exchange of contracts and completion. During this phase, the buyer pays a deposit to the solicitor, and a mutually agreed-upon completion date is set. On completion day, all legal aspects are finalised, and the remaining funds are released by the buyer’s mortgage lender.
Commercial Property Experts
Our team at GloverPriest can offer clear and practical legal advice on all aspects of commercial property transactions, including:
- Purchasing or selling a business
- Freehold or leasehold premises
- Purchasing or selling sites and property for development
- Transferring commercial property
- Commercial Auction purchases or sales
- Purchasing or selling commercial units e.g. a warehouse, factory or an office
- Purchasing or selling retail property units
- Building property portfolios
- Purchasing or selling a charity or not-for-profit organisation
Why Choose GloverPriest?
At GloverPriest, we pride ourselves on our ability to handle a wide range of commercial property types. With our wealth of experience and comprehensive legal knowledge, we are committed to providing exceptional service to our clients, so you can continue to run your business without hindrance.
Let us help you streamline your commercial property transactions with confidence and clarity. Get in touch with our expert commercial property lawyers today.
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