Commercial property is a key factor in the success of any business. Ensuring the successful negotiation of contractual terms, the maximisation of property choices and the minimising of risk are vital in protecting your business’s long-term sustainability.
Depending on the specific nature of the transaction, any number of complicated issues may arise in the course of acquiring premises for your business.
Wilford Smith provides high quality expert property advice to ensure that, whatever the nature of your business, your commercial conveyancing transaction will be concluded as quickly and seamlessly as possible.
What is commercial conveyancing?
Commercial conveyancing is the legal process by which land and property is bought, sold or leased for the purposes of commercial use, such as for office space, retail or industrial use. Commercial conveyancing shares many similarities with residential conveyancing, however the increased value and complexity of commercial transactions can make the legal processes challenging to negotiate. Land or property under the ownership of one business may be bought by another and modified for further commercial use, or converted for business use for the first time.
From dealing with lenders to investigating land ownership, the process of buying, selling or leasing commercial property presents a unique set of challenges for business owners. The experienced commercial conveyancing solicitors at Wilford Smith are experts in preparing contracts, negotiating the purchase and sale of commercial property and reaching binding agreements on our clients’ behalf. We also work in the commercial rental sector, providing expertise in lease negotiations for both landlords and tenants.
Areas of expertise
Wilford Smith provides a high level, personalised legal service in support of all areas of commercial conveyancing.
Buying a commercial property
For many businesses the opportunity to buy a commercial premises can be a substantial benefit. Doing so removes the worry of rental increases, provides greater security in relation to monthly outgoings, creates opportunities for capital gains, and creates operational flexibility by allowing for a customised working environment for your business that can be rebuilt or expanded as your business grows. The Commercial Conveyancing Team at Wilford Smith are here to guide you through the conveyancing process, from investigating the title of the property and carrying out pre-contract searches to ensuring the payment of Stamp Duty Land Tax.
Commercial to residential
Recent changes in the law have made it easier for developers to convert commercial properties for residential use. When carrying out this kind of development it is vital to get clear and professional advice to ensure planning legislation and guidance is complied with, and appropriate searches have been carried out, along with the standard legal requirements of the conveyancing process.
Breach of covenants
A breach of covenant occurs when a landlord or tenant fails to keep to the terms of the lease agreement. Problems with the maintenance of a commercial property also come within the scope of breach of covenants. The team at Wilford Smith use their wealth of experience in commercial conveyancing matters to resolve leaseholder disputes.
We can provide expert legal advice to all members of the commercial construction industry, from owners and employers to developers and contractors.
Wilford Smith offers a creative and forward-thinking approach to our corporate occupier service. We provide a service that is uniquely tailored to your business’s needs, delivering expert advice in areas such as acquisitions and disposals, lease terms, environment and planning, and portfolio management.
Property, development and regeneration
From site acquisition to final disposal, we provide high quality, practical legal advice on all matters relating to commercial property development and regeneration. We will work with you throughout the development process to ensure your commercial development or regeneration project goes as smoothly as possible.
Wilford Smith provides a comprehensive legal service for residential developers in areas such as Stamp Duty Land Tax and environmental law. Through our skills and expertise in this sector we aim to assist our clients in delivering their projects in the most commercially effective way possible.
We offer effective legal advice to our commercial clients operating in the areas of land development, house building and land ownership. Using our extensive experience in acting for those in the land and property sector, we can advise on all matters concerning the acquisition or sale, promotion and development of land.
Drafting and negotiating commercial leases
Wilford Smith’s commercial team works alongside our specialist departments to provide guidance in relation to all aspects of commercial leases. We are committed to working with you to guarantee a successful outcome when it comes to granting and negotiating leases, sub-letting and lease variations, amongst other commercial transactions.
When the time comes to renew or grant a lease for a commercial property, rent review clauses will often be a key feature of any agreement. Whether you are a landlord or tenant, Wilford Smith can provide expert advice on the negotiation of rent review clauses to ensure an agreement that works for your business.
Fixed term commercial leases will commonly include a break clause allowing one of the parties to bring the contract to an end at an earlier stage. We offer both property owners and lease holders a highly personalised, professional service providing guidance in all matters related to the negotiation or activation of a break clause in their commercial lease.
Alterations and repairs
Regardless of the nature of your business, ensuring your premises remains well maintained will be a key issue. The Commercial Property Team at Wilford Smith are experts in advising our commercial clients with regards to their obligations to maintain and repair their premises, as well as negotiating liabilities in respect of repair and redecoration.
A lease option provides a wide scope for negotiation between landlord and tenant, including option fees, rental rate and lease term. With our extensive knowledge of the commercial property sector, Wilford Smith can provide expert guidance for clients looking to pursue a lease option in relation to commercial property.
Contact our Commercial Conveyancing Solicitors Sheffield and London
Contact our specialist Commercial Conveyancing Team today on 01709 828 044 to find out how we can help with your commercial property transaction.