Commercial property transactions can raise different issues, depending upon whether you are buying or selling.
As a seller, you will be looking to achieve the best sale price possible for your property, with the minimum of fuss. In reality, however, you may be faced with difficult enquiries, such as:
Such issues need to be addressed carefully, their outcome often depending upon the bargaining power of the respective parties.
From a buyer’s point of view, due diligence will be the key; a thorough review of title, property searches and the seller’s replies to enquiries is essential. This will reveal any potentially costly issues with the property before committing to purchase. A buyer may also require bank funding and the lender will require a full investigation into the property and the resolution of any potential issues. This is why legal advice is imperative.
We can assist with this initial process, whether you are a buyer or a seller, draft and/or negotiate the contract documentation and deal with all of the mechanics of exchange and completion with a view to making your transaction as swift, understandable and as painless as possible.
Please contact the Commercial Team for more information.