Commercial Property/Leases
COMMERCIAL PROPERTY LAWYERS WEST LONDON & COMMERCIAL CONVEYANCING
What is commercial conveyancing ?
The term describes a wide range of services, processes and enquiries relating to commercial property and the term commercial conveyancing is sometimes also used to cover sale and purchase of businesses, whether shares or assets. We are specialist commercial property solicitors and lawyers for both Landlords and Tenants. We offer highly experienced, speedy, cost effective, fixed fee advice on all aspects of commercial property conveyancing including, but not limited to :-
- Freehold business premises sale/purchase/remortgage
- Drafting/negotiating/advising on transfers (assignments) of existing leases
- Drafting/negotiating short term lease/licence arrangements
- Sale of assets/shares of businesses generally which typically includes commercial property aspects
- Advice on commercial mortgages
- Extensions/renewals of existing leases
- Negotiating/advising on termination of leases (lease surrender)
- Possession proceedings
- Advice and negotiation on rent reviews
- Advising on dilapidation issues and litigation
- Service charge issues
Our experience with different types of premises
Bearing in mind there are many different types of commercial conveyancing and commercial property issues as described above, in order to choose the right lawyer, it is generally important to know that the lawyer you choose has experience with the type of premises you are dealing with. An experienced commercial property specialist will generally save you time and legal costs due to streamlining. Our commercial property conveyancing specialists have dealt with many transactions including but not limited to :-
- Shop and retail leases generally
- Restaurants
- Pubs
- Industrial units
- Office leases
- Hotels
- Cafes and sandwich bars
Transactions with leases
As a general rule, any transaction involving a lease is more complicated and potentially legally risky, and consequently, sound advice tends to cost more than for freehold conveyancing. This is an area where “cheap can cost you dear”, as it is critical that any lawyer you instruct drafts/negotiates/reads the lease properly, and advises you thoroughly and in plain English. Experienced lawyers know what they are looking for and have precedents and procedures in place to save time and money. The types of issues which can cause problems in the short, medium or long term, include but are not limited to:-
- Appropriate length of lease/remaining terms
- Can the lease be renewed
- Requirements for personal guarantees at the beginning or on sale of lease
- Rent reviews
- Break clauses
- Repairing covenants
- Rent deposits
- Service charges
- VAT status
- Planning uses
- Dilapidations clauses
- Landlords consents
- General position at end of lease term
- General pre-contract enquiries regarding the property
What is the process?
As described above, the processes involved in different types of commercial conveyancing vary considerably.
We hope that this summary has been useful. We would be delighted to act for you on any commercial property conveyancing matter and can provide you with a fixed fee quote immediately. Please contact us now either by telephone or email.