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Commercial Conveyancing

Commercial conveyancing is when someone buys or sells a commercial property or land and the transaction is carried out by a commercial property solicitor. It gives rise to plenty of issues not just purchase and sale. These include converting the use of property from residential to business, modifying for another business amongst other issues.

  • Acting for the Buyer
    • Investigating title of property and carrying out searches
    • Raise enquiries arising from searches
    • Mortgage offer checked
    • A report pack sent to Buyer which includes:
      • Contract
      • Transfer deed
      • Stamp Duty Form
      • Mortgage deed
    • Once these documents are returned, a completion date is agreed
    • Money is paid

 

  • Acting for the Seller
    • Title of property investigated
    • Contract drafted
    • Details provided by seller about property
    • Answering enquiries from buyer
    • Receive deposit
    • Agree completion date
    • Receive full monies.

 

  • The stages

 

  • A seller receives an offer from the buyer -> Seller and Solicitor draft out a contract ( outlines what the seller expects) -> Seller solicitor sends to buyer to make any additional enquiries -> mutually agreed contract created -> completion date set (the day buyer pays and obtains ownership) -> Property registration -> payment of taxes -> other legal obligations.