Commercial Conveyancing
Commercial Conveyancing
Commercial Conveyancing
Each commercial property purchase matter varies enormously due to different needs of different clients. In many of these transactions, there are many documented agreements such as leases and licences that may be vital and that will need be transferred. Our team provides the expert assistance you need to navigate the complicated legal processes involved. We will provide a clear and straightforward service, keeping you up-to-date at every stage throughout the process.
Costs:
The typical cost of conveyancing for commercial property can include:
- Conveyancer's fees
- Land Registry searches
- Land registry notices
- Office copy deeds
- Bankruptcy, Land Charges
- Local Authority searched
- Environmental searches
- Drainage searches
The exact fees you have to pay depend on the specifics of your transaction. Our fees are negotiable and we offer a number of flexible payment options.
For any fixed fee transaction we would charge a fixed abortive fee which would never be more than 50% of the full fee.
VAT Notice:
Please note that VAT at 20% will need to be added to our charges and to some of the payments that we need to make on your behalf.
Timescales:
Each commercial property transaction is different. On an average, 6-12 weeks are required to complete a transaction. It will be dependent on various factors, such as the speed of searches response times and actions of other parties, the complexity of the transaction and more. Overall timescales can be longer than those indicated for some transactions.
We will always make our best effort to complete your transaction as quickly as possible.
Type of work carried out involves:
- Pre-contract negotiations and enquiries, including accessing title deeds, leases, and other relevant documents
- Completing Commercial Property Standard Enquiries on your behalf
- Preparation of any preliminary agreements such as: heads of agreement; and confidentiality and exclusively deeds
- Checking for inventory of plant, fixtures, fittings that need to be included
- Clarifying whether leaseholder or landlord is responsible for who maintains and repairs the property
- Negotiating a break clause to allow a leaseholder to terminate a lease without penalty
- Renegotiating rent increases
- Document and draft review
- Drafting and finalising all ancillary documents
- Exchange of contracts
- Changing business name, drafting agreement for assignment of business name
- Transferring registration of IP (trade marks, domain names etc.), if required
- Liaising with HM Registry and registering the transaction
Interested in our services? We’re here to help!
Give us a call on 02073753753 or leave a message below.