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What is commercial conveyancing?
Commercial conveyancing is the legal process of transferring ownership of commercial property from one party to another. It involves a variety of tasks, from the initial agreement and contract negotiation to the final legal transfer of the property. Whether you’re buying, selling, or leasing commercial property, conveyancing ensures that the transaction is carried out smoothly, legally, and in your best interest.
At Dee & Griffin Solicitors, we specialise in all aspects of commercial conveyancing, providing expert legal advice and representation for businesses and investors across Gloucestershire and beyond. Led by Julian Jenkins, our managing partner and head of commercial conveyancing, our team is committed to delivering clear, reliable, and efficient services tailored to your commercial property needs.
Contact your local branch to speak to a member of our team today.
Our team at Dee & Griffin will begin by conducting due diligence on the property, including reviewing title documents, planning permissions, and any existing leases or agreements. We ensure that there are no hidden issues or legal risks before you proceed with the transaction.
We will work with you to negotiate the terms of the sale, purchase, or lease. This involves agreeing on key issues such as price, payment terms, and any specific conditions or warranties that may apply.
We draft or review the contract and ensure that all legal protections are in place. Our goal is to ensure that the terms are clear, fair, and secure for our clients.
Once both parties have agreed to the contract terms, the exchange takes place, at which point the legal commitment is made. For commercial property transactions, this step is critical, as it ensures the binding nature of the agreement.
On the completion date, the full payment is made, and ownership of the property is transferred. Our team will handle the final steps, including the registration of ownership with the Land Registry and ensuring that all legal requirements are met.
After the transaction is complete, we provide guidance on ongoing matters such as leasehold issues, tax implications, or setting up new agreements related to the property. We’re here to ensure that your business can move forward without any legal or administrative hurdles.
Commercial property refers to property used for business activities, including office buildings, retail stores, warehouses, and industrial facilities, essentially any property used to generate income through business operations.
A commercial property valuation is an assessment of a property’s market value, typically done by a professional appraiser using factors like recent sales of comparable properties, income generated by the property, and its potential future income.
A freehold property means you own the land outright, while a leasehold property means you rent the land for a specified period, typically with a commercial lease agreement.
Key factors include the property’s location, size, condition, zoning regulations, potential tenant demographics, current market value, and potential return on investment.
Beyond the purchase price, costs can include property taxes, insurance premiums, maintenance fees, utilities, and potential vacancy periods if the property is not fully occupied.
Get in touch and we will gladly help with any questions you may have.
Whether you’re looking to purchase a retail space, secure a lease for office premises, or navigate complex commercial property deals, Dee & Griffin Solicitors are here to help. Led by Julian Jenkins, our dedicated commercial conveyancing team is ready to guide you through the process with professionalism and expertise.
Contact your nearest office today to discuss your commercial conveyancing needs.
Speak to a member of our team with any questions you may have and we will be happy to help.
