If you are a landlord, a company, a tenant, a developer or an investor in property and whether you have or are looking to have a commercial property, you need an experienced team of solicitors such as O’Donnell Solicitors who can give the right advice and help to enable you to move forward with your project.
A company with extensive experience across a broad and diverse range of property matters can provide valuable assistance with all aspects of commercial property transactions and associated legal matters, so read on to discover how a commercial property solicitor can help you.
Table of Contents
Buying or selling commercial property is very different to buying or selling residential property, and some commercial property transactions can be complex. If you are buying or selling a commercial property, a solicitor who is an expert in this field can guide you through the entire process.
Whether acting on behalf of a lender, an individual or a corporate client, a commercial property solicitor can review contracts, negotiate terms and conduct property searches to ensure that all legal requirements are met correctly. Insurance risks and issues such as bespoke commercial leases, VAT and Capital Allowances are considered in the early stages.
Before investing in commercial property, it is essential to conduct thorough due diligence. This means conducting searches to identify any potential issues relating to the property, such as planning restrictions, environmental concerns or legal disputes. A commercial solicitor will do all this and provide a comprehensive report to assist you in decision-making.
Commercial property solicitors can assist in drafting, reviewing and negotiating lease agreements for landlords, tenants, companies, partnerships and pension funds to ensure that the terms and conditions comply with relevant legislation and protect the client’s interests. Advice on rent reviews, lease renewals and eviction processes is also available.
If you intend to develop or renovate a commercial property, a solicitor can help navigate the often-complicated planning process. They can help with application submissions, dealing with local authorities and ensuring compliance with relevant national and local legislation throughout the development phases.
When seeking finance for a commercial property transaction, a solicitor is best placed to advise on the legal aspects, including reviewing loan agreements, negotiating terms, and compliance with lending requirements. Commercial mortgage, refinance and portfolio remortgage, including residential portfolio work and working closely with lenders to resolve any legal issues associated with finance, are part of what a commercial solicitor can assist with.
In the event of a commercial property dispute, such as boundary disputes, breaches of contract or rent arrears, a commercial property solicitor can provide legal representation to help resolve matters through negotiation, mediation or, if necessary, litigation. The aim is always to protect your rights and interests and achieve the best possible outcome.
If you own multiple commercial properties, a solicitor can provide expert assistance in managing your portfolio, including any mortgage and finance issues. They can handle lease renewals, rent reviews, tenant disputes and any other legal matters relating to your ownership of commercial property. They will work to ensure compliance with relevant legislation and help you make informed decisions regarding your investments and interests.
Other issues on which a commercial solicitor can help include sales, purchases and tenancies of agricultural land and site acquisitions and sales subject to occupational tenants. Any property used for commercial purposes, such as hotels, restaurants and shopping complexes, all come under what a commercial solicitor, often working alongside professionals like Chartered Surveyors, is equipped to help with.
Do you dream of enjoying your favourite Polish programmes at your own time and without…
Introduction Within the bustling cityscape of the Greater Toronto Area (GTA), finding the best gift…
Tooth extraction and dental implant procedures have evolved significantly, offering solutions to various dental problems.…
Transportation of goods and the organisation of logistics is a daunting prospect that influences many…
The retail landscape is rapidly evolving, and one of the most innovative trends emerging in…
Key Takeaways: Understanding the benefits of integrating data analytics into business strategy. Exploring key methods…
This website uses cookies.