What is Commercial Conveyancing?
Commercial conveyancing is the legal process of transferring ownership of a commercial property between parties. This involves the buying, selling, or leasing of business premises such as offices, retail shops, warehouses and industrial units. Commercial conveyancing is often more complex than residential conveyancing.
Due to the complexities, it is crucial you get support from your local commercial property experts or conveyancing team.
At Terrells LLP, as your commercial property solicitors, we will guide you through the buying, selling, and leasing of commercial property.
We liaise with mortgage providers and surveyors, arrange Stamp Duty payments and work with HM Land Registry. We carefully assess matters to ensure we act swiftly and professionally on your behalf to ensure your expectations are met within realistic timescales.
Our knowledge of the commercial property landscape, as well as experience in commercial conveyancing, allows us to ensure all property-related matters are both as efficient and cost-effective for you and your business as is practicable.
Roger Terrell
HEAD OF PRACTICE
rt@terrells.co.uk
Roger Terrell has extensive experience in commercial conveyancing and has built a strong reputation in litigation and high-value transactions. His expertise includes handling complex property matters for businesses and high-net-worth clients.
What is the Process of Buying Commercial Property?
There are several steps in the process of buying business premises:
It is advisable to speak with solicitors with experience in commercial property conveyancing to handle the legal aspects of the purchase including contracts, compliance with regulations, and more.
The next part of the process is to hire a qualified surveyor to inspect the property and identify any structural issues or defects.
Once you have satisfactory survey results and arranged financing, your solicitor will then raise enquiries through the sellers’ solicitors. Once satisfactory replies have been obtained, contracts can be exchanged and a completion date can be agreed.
Each of these steps are highly important with multiple aspects of commercial property law to be aware of. For further information, look at our comprehensive guide to buying, selling, and renting commercial property.
At Terrells LLP, we support you through each stage of the process. Contact Terrells LLP for expert guidance >
Joe Monaghan
SOLICITOR
jm@terrells.co.uk
Joe joined Terrells in December 2021 and is a solicitor in the Commercial team. He specialises in commercial acquisitions and has experience handling property transactions within regulated sectors, including gambling and gaming.
Associations & Memberships
How Can Commercial Property Solicitors Help?
At Terrell’s, we support you by liaising with mortgage providers and surveyors as well as arranging your Stamp Duty payments and working alongside HM Land Registry.
Areas of Commercial Conveyancing We Work With:
Our specialist commercial conveyancing solicitors handle various types of land and property, such as:
– Land for development
– Agricultural lands
– Leisure property
– Offices
– Licensed premises
– Industrial units, estates and premises
– Mixed use properties
If you fall under any of these categories, get in touch with us today.
Our solicitors have a wealth of knowledge and experience in what may impact the sale, purchase and lease of commercial property. As such, the support required can vary based on property type and therefore our service will adjust to fit those needs.
Related Expertise
Why Choose Terrells Solicitors?
We have a strong understanding of commercial property law and have worked with a great deal of clients up and down the country. Furthermore, as commercial property solicitors in Peterborough, we have a wealth of experience in the local area and surrounding counties.
We assist our clients to the best of our ability throughout the entire process of buying, selling, and leasing of commercial properties,
We have years of first-hand knowledge and extensive experience of the commercial property landscape in all areas of commercial property. We carefully assess matters to ensure we act swiftly and professionally on your behalf, ensuring that your commercial targets and expectations are met within realistic timescales. What’s more, our proactive approach means fewer delays and better outcomes for our clients.
Furthermore, as a firm, we are Lexcel accredited and members of the Conveyancing Quality Scheme.
Contact us here to speak with our expert commercial conveyancing solicitors.
Reviews From Our Clients
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Commercial Conveyancing Blogs and Guides
A Comprehensive Guide to Buying, Selling, and Renting Commercial Property
Commercial property can be a lucrative investment, providing potential for significant returns and ongoing passive income. Whether you are a seasoned entrepreneur, a business owner looking for space or a newcomer to the commercial property market, navigating the complexities of buying, selling, and renting commercial property requires a strategic approach. This comprehensive guide will walk
Commercial Property FAQs
It is advisable to have a solicitor working on your behalf when purchasing commercial property. The value they provide should not be overlooked.
They help you with:
– Legal advice and guidance throughout complex legal processes
– Risk mitigation by identifying potential issues and risks ahead of time
– Ensuring all due diligence is fully carried out
– Drafting of contracts
– Ensuring compliance with all Regulations, both those you must personally fulfil and those in place to protect you
– Completion of the entire transaction including Land Registry, transfer of funds and exchange of contracts
– Handling, avoiding, and resolving any disputes which may arise.
While having a solicitor is not technically a legal requirement, buying commercial property without one is not recommended.
You may be tempted to skip this step with a small, seemingly straightforward purchase, or if you already have experience with commercial property transactions, however, the added protection, peace of mind, and risk-avoidance of a local commercial property expert cannot be understated.
If you’re unsure whether you need a solicitor, it is always best to check, so contact us to speak to a member of our team for advice.
As with the purchase of commercial property, it is not a legal requirement to have a solicitor for a commercial lease but is strongly recommended due to the complex nature of the process, involving long-term financial and legal obligations.
There are many areas to consider, all of which can impact the outcome along with the risk included in the transaction.
The most obvious difference between both commercial and residential conveyancing is the kind of property being bought or sold and how the property will be used.
Residential conveyancing involves the purchase or sale of a home or a buy to let property, whereas commercial conveyancing involves business premises.
This can involve more work and can carry more risk than buying a residential property, hence why a specialist in the area is recommended.