A man who successfully challenged his mother's final will is likely to recover the lion's share of his legal costs after the High Court ruled that his brother, who attempted to uphold the will's validity, should pay his costs on the indemnity basis . In...
Buying and selling commercial property can offer fantastic business opportunities, but there are also significant risks that must be carefully managed. Our acquisition and disposal solicitors in Orpington, Dartford and Bexleyheath can guide you through buying or selling any type of commercial property, giving you confidence that your interests are protected.
You can benefit from our exceptional legal expertise and many years of experience underpinned by a strong knowledge of commercial property matters. We understand the business factors that must be considered when structuring a deal so can help to ensure you get the terms you need.
The T G Baynes team can help with all aspects of selling or buying a commercial property, including:
- Buying commercial property
- Selling commercial property
- Land sales
- Property transfers
Contact our acquisition and disposal solicitors in Orpington, Dartford and Bexleyheath
To speak to one of our acquisition and disposal solicitors in Orpington, Dartford and Bexleyheath, please fill in our simple enquiry form or call 020 8301 7777.
Our fees for buying and selling commercial property
When dealing with commercial property acquisitions and disposals, we know that clients expect competitive fees and real value for money. We are upfront with our pricing and can provide a realistic estimate of fees at the outset.
To discuss our fees or to request a commercial conveyancing cost estimate, please get in touch using the contact details above.
Our commercial property acquisition and disposal services
Buying commercial property
The right terms and a well-managed purchase process are both important when buying commercial property, whether as an investment or as business premises. When buying commercial property in the UK, working with an experienced specialist legal team is strongly recommended.
Our experts can assist with all aspects of a commercial property asset acquisition, including negotiating heads of terms, reviewing and negotiating contracts of sale, carrying out due diligence and assisting with securing the right financing. Whether you are buying business property, buying retail property or any other kind of real estate, we have the seasoned expertise you need.
Selling commercial property
Selling commercial property allows you to realise a profit on your asset, but this kind of asset disposal must be handled with care. Not only do you need to ensure you are selling the property on the right terms, but you also need to make sure you are legally protected against any issues that might arise during or after the sale.
Our experts in real estate asset disposal can guide you through the entire process of selling commercial property, including negotiating heads of terms, drafting contracts of sale, answering queries and negotiating contract amendments, guarantees and warranties, and any other issues you need to deal with.
Land sales
Land sales, especially for development purposes, can be particularly complicated. They might include provisions such as option and overage agreements that must be treated very cautiously and it is important to fully understand all of the implications of any terms agreed.
Our team can assist with all types of land transactions, acting for both buyers and sellers. We can make sure any necessary provisions are included to protect your interests, now and in the future.
Property transfers
If you need to transfer property, for example, between two different business entities, you must do it in the right way for your commercial interests. Our team can advise on the different options and issues you need to consider so you can be confident of completing the transaction in a way that matches your broader goals.
Buying and selling commercial property FAQs
What are acquisitions and disposals of commercial property?
Commercial property acquisition refers to the process of buying commercial property, which might be a property for you to carry out your own business operations or one that you are purchasing as an investment.
Commercial property disposal refers to selling commercial property. Again, this could be a property you were using to operate your own business from or a property that you held for investment purposes.
Who do we advise?
We work with many clients buying and selling commercial property, including investors, developers and business owners seeking to secure premises for their businesses. Our clients are spread across London, the South East and further afield.
There can often be related issues to consider when buying or disposing of property, especially if the property is currently being used for business activities. If the property is leasehold with tenants in place, then their rights will need to be taken into account.
Our commercial property team and other departments within the firm can ensure that all of your legal needs are met when dealing with a commercial property acquisition or disposal. We can make sure nothing is overlooked, so you can secure the most value from your investment while staying safe from a legal standpoint.
What legal documents are involved in acquisitions and disposals?
Depending on the situation, you will usually start by agreeing the basic principles of the sale, which will be recorded in a document called a ‘memorandum of sale’ or ‘heads of terms’. The seller’s legal team will then draft a contract of sale, which the buyer’s legal team will review and, if necessary, they may request amendments.
Other documents that may be required will depend on the circumstances, but would typically include an Energy Performance Certificate, a lease report (if the property is let), title documents, service charge accounts, an asbestos report and documents covering any other property enquiries the buyer’s solicitor feels are appropriate.
How long does the acquisition or disposal process typically take?
Exactly how long a commercial property acquisition or commercial property disposal takes will depend on the specific circumstances. If the transaction is straightforward, it might be completed in 2-3 months but where there are complex issues to consider or any problems that must be resolved, it can take significantly longer.
Contact our acquisition and disposal solicitors in Orpington, Dartford and Bexleyheath
To speak to one of our acquisition and disposal solicitors in Orpington, Dartford and Bexleyheath, please fill in our simple enquiry form or call 020 8301 7777.