COMMERCIAL PROPERTY LAW
Acquisitions And Disposals
Acquisition and Disposal of Commercial Property
Buying and selling commercial property can be a complex transaction but we have a team of experts with vast experience in this sector. Acquisition and disposal of commercial property may involve land as well as units and offices, and regulatory requirements with Land Registry may apply.
We can help the process to run smoothly from start to finish, with full compliance with legislation. If you’re still seeking the right commercial property, we can also help with this, using our knowledge of each sector and the requirements that apply to each. We understand that financial arrangements may be flexible, and we can liaise directly with lenders on areas such as bridging loans to complete the transaction.
For more information about our commercial property law services please call us on +44 (0)20 3475 6751 or email email@example.com
More information about acquisition and disposal of commercial property
Are you considering acquiring or disposing of commercial property? Our commercial law solicitors can assist with all aspects of acquisition and disposal.
Choosing when and how to acquire of dispose of commercial property can be a complicated process. We have extensive experience in advising on these types of transactions and can provide expert help when you need it.
Some of the aspects of acquiring or disposing of commercial property we can help with include:
- Commercial property disputes
- Farm and agricultural purchases and sales
- Sale or purchase of a business which includes commercial property
- Plot sales and land development
- Site acquisition
- Advice on funding for development including commercial mortgages and loan agreements
- Investment purchases and sales
There may be regulatory or legal requirements following a commercial sale or purchase. This includes providing documentation to Companies House, registering the change with the Land Registry and submitting the Stamp Duty Tax Return.
Financial penalties may be levied if any of these regulatory requirements are not completed correctly so you may want to seek legal advice to ensure your business is compliant in all aspects.
Purchasing commercial property
When you are purchasing commercial property, it’s not simply a matter of choosing a building that you like. The following are useful factors to take into consideration:
- What are the monthly costs?
- How much would it take to fit out the building as required?
- When will the space be available?
- Is it convenient for staff: eg parking or close to public transport?
- What services are available in the area – eg/fibre broadband?
These are just a few points which could make a very significant difference to how your business operates in the new premises.
Disposing of commercial property
Whether your company was occupying the building or there is another tenant will determine the precise needs and process for disposing of property. Some factors that you’ll need to prepare include:
- Energy Performance Certificates (EPCs) are compulsory on commercial properties before sale
- Unless the property is a new build, you will have to supply an asbestos survey to potential buyers (as described by the Control of Asbestos Regulations 2006)
- VAT status on the purchase price. Buyers will need to know if VAT will be added to the cost.
- Existing tenants – whether there are any arrears and what their status is.
For the sale of commercial properties, it’s useful to compile a standard enquiries pack which can be issued to anyone who expresses an interest.
YOUR COMMERCIAL LAW TEAM
t: +44 020 3089 8470
t: +44 020 3475 6751
m: +44 07939 033 890
Commercial Property Solicitor
t: +44 020 3649 9008
Commercial Property Solicitor
t: +44 020 3457 6751
Acted for a pension fund on the £55 million acquisition of 3 office buildings and headed up the team dealing with the subsequent estate management
Acting for an institutional client selling a portfolio of properties around the UK for £400 million
WHY CARTER BOND
Unlike many law firms when we say partner or barrister led, we mean partner or barrister led. When clients work with us, they get constant access to the lead on their instruction. Yes, we have a team of solicitors and juniors for some of the groundwork and necessary research required by our clients, but this is when it makes financial sense to the client for us to do this. We provide constant contact at no extra cost as part of our service as most of our lawyers have their own business, so they know first-hand how important having a proactive, responsible and trusted partner on their side can be. And also how to work to a financial budget, and the way that legal decisions impact the wider organisation, which often requires balancing risks and competing interests.
Many ask us ‘what’s different about you?’ and we like to reply, ‘because we go the extra mile’. We see our work as building and maintaining good business relationships rather than just earning fees. How we do this is by keeping in constant contact with our clients and intermediaries. From pre to post instruction we ensure that our clients are informed of all legal issues that may impact their business and therefore lives. That is why we provide daily or weekly updates to ALL of our clients whether there is anything to tell them or not (we don’t charge for this we just see it as part of our service). We like our clients to rest peacefully knowing that when we are instructed, and we say ‘we will take it from here’ they know we mean it.
City quality, outer City fees
The world is changing, and many individuals are realising that lifestyle is as vital to them as is income. We are the lucky ones who can hand pick lawyers who can provide the best quality advice but at outer city costs. Our offices are in North West London which may not be the most salubrious in the market but at the same time this allows us to charge our clients for what they pay for, our advice NOT our office space.
ALL our lawyers have previously worked in large city-based law firms and continue to practise and offer the same high level service they provided to clients in the City but without the pressure and demands often dictated by City law firm. This allows us to be competitive on our fees without compromising our service.
All in all, our clients win, which is the way we like it.
Our knowledge and resources are yours
All our clients benefit from the same high level of care and attention whether the instruction is big or small. At the outset of each matter, we discuss the entire process with our clients, including the costs, potential outcomes and issues associated. This is to ensure clients are fully aware, knowledgeable and are in control always. Supporting and ensuring we provide the highest level of services, we offer our constant contact process with the partner or barrister leading your file, a document log in for matters which are for larger and more complicated instructions and on-going support post transaction should our clients require it. Our aim is not just to get the work done, but to make our clients’ lives easier as we do it, which is why we ensure that our clients have regular access to the resources they need from us.
“Excellent at solving problems and protecting our business.”
“Highly recommended. extremely proactive.”
“I wouldn’t hesitate to recommend them.”
“Very good and quick service.”
“Always quick to respond and good value for a high standard of legal services.”
“The best solicitors I’ve used, hands down, for commercial conveyancing!”
“Would highly recommend Carter Bond.”
“5-Star service, highly knowledgeable.”
Reena and her highly organised very well experienced team of lawyers and consultants are totally dedicated and motivated with everything they do.”
“Great work by Reena and her team to turn around a dental practice purchase in 7 days under challenging circumstances.”
Although some business owners want to lease their commercial premises, others prefer to buy in order to enjoy greater flexibility and freedom. Buy a commercial property represents a good choice for many SMEs that want to expand, but it’s important to understand the...
There are some similarities between selling a commercial property and a residential one, but you’ll need to consider a few more additional matters, and there are more variables to take into account. Furthermore, the procedure is somewhat different and will usually...
If you own a commercial property and are acting as a landlord, you may at some point wish to take back the possession of your property. Often, this will be due to your tenant’s breach of their lease terms or contract, for example by failing to make rent payments on...