Whether you’re considering a commercial purchase or sale, the conveyancing process is often fraught with complexity and confusion. Fortunately, expert assistance is available in the form of RG Law, a firm of specialist commercial property lawyers and licensed conveyancers specialising in all matters related to Commercial Conveyancing.
For decades we have been providing trusted advice on every aspect of this intricate area of law, ensuring that our clients are fully informed and protected during what can be an intimidating experience. With their vast knowledge and unrivalled customer service, we will guide you through the complexities of buying or selling business premises with ease and efficiency.
From first-time buyers to experienced investors, everyone has something to gain from using RG Law for any commercial property transaction
Why use Specialist Commercial Licensed Conveyancers, Property Lawyers or Solicitors?
Commercial conveyancing involves more than just legal advice: it requires an understanding of property values, tax implications and mortgage requirements too. Specialist commercial property lawyers, licensed conveyancers or solicitors can offer invaluable guidance on these matters – helping clients make informed decisions about how best to proceed with their purchase or sale. They can also provide support during settlement negotiations, helping to resolve any issues before they become problematic.
TIP: When considering commercial conveyancing services, always look for experienced property lawyers and licensed conveyancers or solicitors who understand your needs and can provide tailored solutions based on individual circumstances. Ask around for recommendations from trusted sources so you know you’re getting quality advice every step of the way!
Our RG Law Property Lawyers and Licensed Conveyancers Expertise
At RG Law, we understand the complex nature of commercial conveyancing and provide comprehensive legal advice for clients across a range of industries. Our experienced property lawyers and licensed conveyancers are equipped with an in-depth knowledge of property law, taxation matters and mortgage requirements – allowing them to offer tailored solutions that meet individual needs. We pride ourselves on our attention to detail and ability to negotiate favourable outcomes; ensuring that all parties involved have their rights protected throughout the process.
We also strive to be cost-effective yet professional when it comes to delivering services - taking care of every aspect required while keeping fees at a minimum. Our team will work closely with you, offering guidance on how best to proceed each step of the way. As such, you can rest assured knowing that your interests are always kept top priority throughout any transaction.
With our expertise and commitment to excellent service, we’re well placed to help you navigate the complexities of commercial conveyancing in the following areas:
Selling and buying existing commercial properties
We will guide you through the process.
Provide you with additional support in completing all the required documentation
Help you understand and consider the meaning of standard commercial property conditions.
Advise you on SDLT considerations
Guide you on VAT considerations- Option to Tax/Transfer of Business as a going concern (TOGC).
Commercial Property Leases. (Acting for Landlords or Tenants)
Drafting a New Property Lease
Commercial lease covenants (insolvency, disclaimer, surrender and merger)
Authorised Guarantee Agreements
Landlord and Tenant Act 1954 (Part II) -Security of Tenure
Assignment of commercial property leases-Landlord consent/Licence to Assign
Standard Commercial Property Conditions
Commercial Property Standard Enquiries.
Commercial Conveyancing Process For Sellers
When it comes to commercial property, sellers have a number of tasks they must complete. Here are the three main steps:
1) Establishing legal ownership and preparing necessary documents – This involves confirming that you can legally sell the property and ensuring all relevant paperwork is in order. Our experienced property lawyers and licensed conveyancers will be able to provide advice on any outstanding matters or requirements needed for a successful sale.
2) Negotiating contracts with interested buyers – Once an offer has been accepted, our team will take over the negotiation process; working hard to ensure that both parties agree on terms before formalising an agreement through contracts. We’ll also advise you on how best to structure the deal and protect your rights throughout.
3) Settling financials and transferring ownership – Finally, we’ll guide you every step of the way when it comes to settling finances and finalising the transaction by ensuring all titles are transferred correctly according to law.
With RG Law's comprehensive support during each stage of this complex process, you can trust us to help make sure everything runs smoothly from start to finish. Moving forward, our expertise in commercial conveyancing means buyers too can benefit from well-informed advice as they navigate their own journey towards buying a property.
Costs Of Commercial Conveyancing
When embarking on a commercial property conveyancing journey, it’s important to understand the various costs involved. Fortunately, RG Law is transparent about our fees and offers competitive rates for all of our services. Moreover, we will always provide an itemised breakdown before any contracts are signed so that buyers know exactly how much they are paying at each stage.
To give you further peace of mind, here is a brief outline of some of the more common expenses associated with buying or selling a commercial property:
• Stamp Duty Land Tax (SDLT): Depending on the location and value of the property in question, SDLT may be payable by either the buyer or seller; this tax can range from 0-15%.
• Conveyancing or Solicitor Fees & Disbursements: These cover professional advice provided by property lawyers, licensed conveyancers or solicitors while also covering legal documents such as lease agreements and land registry searches – both essential elements when dealing with commercial property transactions.
• Surveyor Costs: Having your new commercial premises inspected by a qualified surveyor ensures there aren't any hidden problems lurking beneath the surface - whether structural issues or even compliance violations which might cause problems down the line! This cost should not be overlooked.
• Miscellaneous Expenses: There could be other miscellaneous charges incurred along the way such as local authority searches or environmental surveys – but RG Law will ensure these don't come as any surprise during proceedings.
There is no denying that purchasing commercial property requires careful consideration and planning; however, those willing to make such investments needn't feel daunted when enlisting RG Law's help. With years of experience under their belt, rest assured that everything will run smoothly every step of the way.
Common Types Of Commercial Conveyancing Transactions
Commercial property conveyancing can involve a variety of different transactions. From the sale and purchase of land to leaseholds, mortgages and more – there’s plenty for buyers and sellers alike to consider. Let’s take a look at some common types of commercial conveyancing transactions in closer detail:
Sale & Purchase Transactions: These are among the most frequent types of transaction that occur. The seller will usually be responsible for presenting all relevant documentation such as title deeds and contracts, while an experienced solicitor or licensed conveyancer should assist with any other legal requirements. At RG Law, we have extensive experience in this area and can help make sure everything is completed correctly from start to finish.
Leasehold Transactions: Leases allow individuals or companies to occupy a property without actually owning it outright. This type of arrangement typically involves paying rent on the premises over an agreed length of time; many retailers and business owners choose this option as it saves them money in the long run. In order to ensure both parties understand their rights and responsibilities, it’s essential that all details relating to the lease are clearly outlined before signing off on anything. Our team can provide sound advice here too.
Mortgage Transactions: It’s not uncommon for businesses looking to buy a commercial property to require funding via a mortgage loan - either through banks or private lenders. If you need assistance finding the right lender or negotiating terms then RG Law can provide invaluable guidance throughout proceedings.
We also use our expertise when dealing with remortgages, so whatever your situation may be – our dedicated staff will always go above and beyond!
What Is The Difference Between Freehold And Leasehold Commercial Property?
When it comes to purchasing or selling commercial property, there’s an important distinction between freehold and leasehold. In a nutshell, the former refers to buying a building or land outright whereas the latter involves occupying the premises for an agreed period of time, usually in exchange for rent payments. Understanding which option is best for you depends on your individual circumstances – but either way, our team are here to help provide advice every step of the way.
So what else do buyers of commercial properties need to know? Well, depending on whether you opt for freehold or leasehold, additional costs may come into play such as Stamp Duty Land Tax (SDLT) and legal fees; these will all vary from case-to-case so it pays to be aware of any potential outlays before committing. Ultimately though, with RG Law on hand throughout proceedings - we can make sure that everything goes according to plan and ensure no nasty surprises along the way!
As such, when deciding whether to purchase a commercial property via freehold or leasehold - having access to experienced lawyers who understand both options inside out can prove invaluable. With years of experience under our belt dealing with different types of transactions, we’re well placed to assist you through every aspect of this process too. So if you have any questions about your particular situation then please don't hesitate to get in touch - one of our friendly experts would be more than happy to answer them!
Should You Use A Local Licensed Commercial Conveyancing, Property Lawyers Or A Solicitor?
When it comes to commercial property conveyancing, the importance of using a qualified conveyancing property lawyer, licensed conveyancers, or a solicitor simply cannot be overstated. After all, they will be responsible for ensuring that you comply with all the relevant laws and regulations while providing invaluable advice throughout your purchase journey.
For this reason, finding an experienced local professional is essential – not only can they provide more tailored guidance, but they’ll also be better acquainted with any specific rules and conditions in your area. So, while we at RG Law are able to provide advice nationwide, we have added experience and expertise with the commercial property conveyancing process in Sidcup and York specifically.
At RG Law, we are proud of our extensive experience in handling the buying or selling of commercial properties in the Sidcup and York areas – so if you're looking for first-class legal expertise when purchasing a commercial property then please do get in touch. Our team would be delighted to assist you every step of the way - offering valuable insights into each stage of the process for complete peace of mind.
Is There Stamp Duty On A Commercial Property Transaction?
When it comes to commercial property transactions, Stamp Duty Land Tax (SDLT) is a key factor. This tax must be paid on any transaction where the consideration - i.e. purchase price - is greater than £150,000 in England and Northern Ireland or more than £150,000 in Wales.
It’s important to note that SDLT rates vary depending on whether you're buying a freehold property or taking out an existing lease – so it's imperative to get professional advice throughout the process. Here are some of the main things you should bear in mind:
• Rates differ between residential and non-residential properties;
• You may have to pay additional 3% surcharge if you're purchasing additional properties;
• If you use multiple financing sources then each one needs to be considered separately when calculating your SDLT liabilities.
At RG Law we can provide all the help needed for this complex matter – from advising on initial liability calculations through to preparing returns and making payments. Our team will make sure everything runs as smoothly as possible, allowing you to complete your purchase with confidence.
We are on the legal panel for Framework number Y21012. PCR15 contract arranged by KCS Procurement Service acting for Kent County Council but this framework agreement is also open for use by all other local authorities and public sector bodies.
We have a team of experts to help you with your transaction today. Please get in touch with our quotes team, and we will provide you with a quote for our services.