Commercial Conveyancing

We lend our expertise to all types of commercial property transactions. From the purchase and sale of commercial property to lease assignments, extensions, and renewals, we are here to provide assistance every step of the way.
  • What is commercial conveyancing?

    Commercial conveyancing involves the legal process for buying, selling, or leasing commercial property such as offices, retail shops, industrial units, or land for development. At Sky Solicitors, we ensure that your commercial property transactions are handled professionally, protecting your interests and securing your investment.

  • How long does a commercial conveyancing transaction take with Sky Solicitors?

    The timeline for a commercial conveyancing transaction can vary greatly depending on the complexity of the deal, the parties involved, and whether there are any complications. A straightforward commercial conveyancing transaction can take between 8-12 weeks, but more complex matters may take longer.

  • What costs are involved in commercial conveyancing?

    Costs for a commercial conveyancing transaction typically include our legal fees, search fees, Land Registry fees, and potentially Stamp Duty Land Tax, depending on the specifics of the transaction. We will provide an estimate of all costs at the outset, ensuring transparency and no hidden surprises.

  • What are the key steps involved in buying a commercial property?

    Key steps include: instructing a solicitor, carrying out due diligence including searches and surveys, negotiating contract terms, exchanging contracts, paying any Stamp Duty Land Tax due, and finally, completing the sale and registering the change of ownership at the Land Registry. At Sky Solicitors, we guide you through each step of the process.

  • What is due diligence in commercial conveyancing?

    Due diligence refers to the investigations carried out before purchasing a commercial property. It includes assessing the physical condition of the property, reviewing legal title, checking planning permissions and restrictions, and verifying financial aspects such as rental income and operational costs. This process helps to uncover any potential issues or risks associated with the property.

  • What are ‘searches’ in commercial conveyancing?

    Searches in commercial conveyancing are investigations done to learn more about the property. They can include Local Authority searches, environmental searches, drainage and water searches, and more. These searches are essential to ensure you are fully aware of any potential issues before committing to the purchase.

  • What is a commercial lease?

    A commercial lease is a legally binding contract between a landlord (lessor) and a business (lessee) that provides the business with the right to use a property for its operations for a specified period and under specified conditions. Sky Solicitors can advise on, negotiate and draft commercial leases to protect your interests.

  • What is Stamp Duty Land Tax (SDLT) in the context of commercial property?

    SDLT is a tax paid on the purchase of property or land over a certain price in England and Northern Ireland. For commercial properties, the amount you pay depends on the purchase price of the property. We will advise you on your SDLT obligations and assist you in completing and submitting any necessary SDLT forms.

  • What happens on completion day in a commercial conveyancing transaction?

    On completion day, the buyer’s solicitor transfers the purchase funds to the seller’s solicitor, and upon receipt of these funds, the ownership of the property is transferred to the buyer. We coordinate with all parties involved to ensure a smooth completion.

  • Can Sky Solicitors help with disputes related to commercial properties?

    Yes, at Sky Solicitors, we provide comprehensive legal support for disputes related to commercial properties, including landlord and tenant disputes, lease renewals, rent reviews, breach of covenant claims and more. We will work tirelessly to protect your rights and secure the best outcome for you.

DISCLAIMER

The information provided in these FAQs is for general informational purposes only and may not reflect the most current legal standards or interpretations. Laws and regulations regarding leasehold enfranchisement are subject to change, and the specific circumstances of each case can impact its outcome. It is advisable to consult with a professional legal service provider like Sky Solicitors to obtain up-to-date and tailored advice based on your individual situation. Sky Solicitors can assess your case, provide accurate information, and guide you through the leasehold enfranchisement process in accordance with the most current laws and legal provisions.

Note: The FAQs provided are for informational purposes only and should not be considered as legal advice. It’s always recommended to consult with a professional legal service provider like Sky Solicitors for personalized advice related to your specific situation.