Buying or selling commercial property entails greater complexity than the conveyance of residential property. This is particularly so if you are proposing to buy the property for your own business needs or to rent out to a business.
For example, if you are purchasing an office unit, industrial estate, retail premises or licensed premises, you will need to ensure that the property meets all regulatory requirements and is able to be used for the intended purpose.
You will also need to pay careful attention to the rights and responsibilities in relation to the fixtures and fittings of the property and the ability of the tenant to make changes to the property.
In this section we have set out some factors that you should consider when buying or selling commercial property, including:
- Features of freehold and leasehold commercial properties
- Searches to undertake on commercial properties
- Commercial leases
- Assigning and sub-letting commercial leases
- Commercial mortgages
We have also included some guidance on selecting a commercial conveyancing solicitor.
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