Sale or purchase of commercial property
If you are buying a commercial property, we will liaise with any agent and/or lender and then take a proactive approach when dealing with the seller’s solicitors. We will amend and approve the contract, raise important and relevant enquiries, conduct searches, comprehensively report to you and advise you and then complete and register the transaction as quickly and effectively as possible.
What to consider if you are buying commercial property:
- Is there stamp duty land tax to pay?
- How much will it be to register the ownership of the property at the land registry?
- Is a structural survey required?
- Are there any restrictions on its use?
If you are selling a commercial property, we will liaise with any agent, prepare the sale contract and any associated documents, deal with any enquiries raised by the buyer’s solicitors, report to you and complete the transaction as quickly and effectively as possible.
Submit your enquiry today
Documentation required to sell a commercial property:
When selling commercial property, there are a variety of different documents that you will need to provide. You will need to include the following:
You should pass on any extra documentation which is related to the property, which may include:
- Records of air conditioning maintenance
- A health and safety file
- Electrical and/or gas test certificates
You will also want to include a document that details the business rates and any other costs that the buyer would be liable for as a result of owning the property.
To prevent any kinds of delays from a transaction perspective, it’s important that these documents are provided as early as possible. Whilst the items listed above are the ones commonly asked for, there can be additional documents that are relevant to the property transaction; so this is something to consider when selling commercial property.
Please contact us if you have any questions about selling/buying commercial property.
Costs associated when selling a commercial property:
When selling a property, it is to be expected that additional costs will occur. These costs may include;
Can you claim back GST on commercial property?
For purchasers of commercial property, you can typically claim any GST included in the purchase price. It is to be expected that there are certain criteria to meet to make this claim, for example, you must be registered for GST. You will generally need to hold a tax invoice for the purchase.
We also provide the following services:
- Advising both landlords and tenants in the granting and taking of commercial leases
- Renewing business leases
- Lease Assignments
- Advising landlords and tenants in respect of lease surrenders, licences, rent deposit deeds etc
Please contact Ruth Hayward for a no obligation chat about conveyancing or any aspect of commercial property law.
Your initial, informative half-hour consultation is only £60 plus VAT@20%. Find the answers you have been looking for, today!
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