Commercial conveyancing is the legal process of transferring ownership of commercial property, including offices, retail units, warehouses and industrial premises. It is often more complex than residential work, which is why support from experienced commercial property specialists is essential.
At FMT, we pride ourselves on our expertise in commercial property conveyancing. We guide you through the buying, selling and leasing of commercial premises, providing a service tailored to your specific needs.
We liaise with mortgage providers and surveyors, arrange Stamp Duty payments and work with HM Land Registry. We assess each matter carefully so we can act swiftly and professionally within realistic timescales.
Our strong knowledge of the commercial property landscape ensures that every aspect of your transaction is handled efficiently and cost effectively. Whether you are a property developer, investor or business seeking to expand your portfolio, we are equipped to support you at every stage.
There are several steps in the process of buying business premises:
It is advisable to speak with solicitors with experience in commercial property conveyancing to handle the legal aspects of the purchase including contracts, compliance with regulations, and more.
The next part of the process is to hire a qualified surveyor to inspect the property and identify any structural issues or defects.
Once you have satisfactory survey results and arranged financing, your solicitor will then raise enquiries through the sellers’ solicitors. Once satisfactory replies have been obtained, contracts can be exchanged and a completion date can be agreed.
Each of these steps are highly important with multiple aspects of commercial property law to be aware of. For further information, look at our comprehensive guide to buying, selling, and renting commercial property.
At FMT, we support you through each stage of the process.
At FMT, we support you by liaising with mortgage providers and surveyors as well as arranging your Stamp Duty payments and working alongside HM Land Registry.
Our specialist commercial conveyancing solicitors handle various types of land and property, such as:
Are you embarking on a property development project?
Our team can assist you in acquiring mixed-use properties and navigating the complexities of property development law. From negotiating contracts to securing financing, we’ll ensure a smooth transaction every step of the way.
We also specialize in refinancing existing properties to facilitate acquisitions, ensuring that your investment goals are met efficiently and effectively.
Developers often acquire freehold interests with the aim of transforming properties into lucrative residential apartments.
If you’re looking to dispose of leasehold units, our experienced conveyancing team can provide expert guidance throughout the process. From obtaining planning permission to negotiating lease terms, we’ll work tirelessly to achieve the best possible outcome for your development project.
Whether you’re a seasoned investor or new to the market, acquiring residential apartments can be a complex undertaking.
Our firm has extensive experience representing large investor clients in acquiring blocks of residential apartments.
We’ll assist you in securing specialist bridging finance and arranging the splitting of titles for each apartment into 125-year leases, ensuring that your investment is protected for years to come.
We understand the unique challenges faced by companies entering into commercial leases, especially when dealing with government entities.
Our team has a proven track record of representing companies in negotiations with government agencies to provide asylum accommodation.
From drafting commercial leases to ensuring compliance with regulatory requirements, we’ll safeguard your interests every step of the way.
It is advisable to have a solicitor working on your behalf when purchasing commercial property. The value they provide should not be overlooked.
They help you with:
– Legal advice and guidance throughout complex legal processes
– Risk mitigation by identifying potential issues and risks ahead of time
– Ensuring all due diligence is fully carried out
– Drafting of contracts
– Ensuring compliance with all Regulations, both those you must personally fulfil and those in place to protect you
– Completion of the entire transaction including Land Registry, transfer of funds and exchange of contracts
– Handling, avoiding, and resolving any disputes which may arise.
While having a solicitor is not technically a legal requirement, buying commercial property without one is not recommended.
You may be tempted to skip this step with a small, seemingly straightforward purchase, or if you already have experience with commercial property transactions, however, the added protection, peace of mind, and risk-avoidance of a local commercial property expert cannot be understated.
If you’re unsure whether you need a solicitor, it is always best to check, so contact us to speak to a member of our team for advice.
As with the purchase of commercial property, it is not a legal requirement to have a solicitor for a commercial lease but is strongly recommended due to the complex nature of the process, involving long-term financial and legal obligations.
There are many areas to consider, all of which can impact the outcome along with the risk included in the transaction.
The most obvious difference between both commercial and residential conveyancing is the kind of property being bought or sold and how the property will be used.
Residential conveyancing involves the purchase or sale of a home or a buy to let property, whereas commercial conveyancing involves business premises.
This can involve more work and can carry more risk than buying a residential property, hence why a specialist in the area is recommended.
