- Accidents and Personal Injuries
- Immigration Law
- Asylum
- Work Premits
- Visitors Visa
- Family Member Visa
- Appeals Tribunals and Judicial Reviews
- Bail / Detention Matters
- Nationality / British Citizenship
- Applications for Reunions of Refugee Families
- HSMP Extensions
- EU & EEA
- Business Visa
- Nationals of Accession States
- Domestic Workers
- Family Law
- Divorce / Judicial Separation
- Children Matters
- Cohabitation
- Family Agreements
- Financial Settlements
- Domestic Violence
- Conveyancing
- Residential Conveyancing
- Commercial Conveyancing
- Conveyancing Fees and Expenses
- Criminal Law
- Wills, Trusts and Probate
- Civil Litigation
- Debt Collection
- Landlord and Tenant
- Property and Boundary Disputes
- Defamation Libel
- Negligence and Nuisance
- Clear your debts
- Employment Law
Commercial Conveyancing Services
|
|
We advise a wide range of commercial business clients on all aspects of commercial conveyancing transactions and business transfers including the specialist area of liquor licensing, i.e. for pubs, restaurants, night clubs, bars, hotels, restaurants, off licences – in essence, any business or commercial enterprise that sells liquor! Whether commercial property represents a client's business, or is an important but incidental part of that business, we give the highest consideration to our client's needs combining technical expertise with commercial awareness by our expert property solicitors and conveyancers.
We offer a wealth of experience including sale, purchase and lease of all types of commercial property including shops, retail units, shopping centres, licensed premises, nurseries, care homes and so forth. Whatever and wherever your commercial property is in the country, we can deal with the legal aspects of the commercial conveyancing associated with your deal. We have set out below a brief overview of what the commercial conveyancing process involves.
Sale
Your commercial conveyancing specialist will:
- Once you are satisfied that the commercial conveyancing quote we have provided you with is satisfactory and you have also instructed us, you will be assigned to a specialist commercial property solicitor or commercial conveyancer who will look after your affairs. We will then request your title deeds to your commercial property. We will also obtain online official copies of your title from Land Registry. You will then be asked to provide your answers to Commercial Property Standard Enquiries (or their equivalent) and (where appropriate) provide an inventory of any assets. If you provide us with your email address, we can send an electronic version to you in order to help speed up the commercial conveyancing process.
- The draft contract will be prepared and sent to the buyer's solicitors, who will then carry out various searches. With your help, we will answer any additional enquiries the buyer may have. Once these queries have been answered you will be asked to sign the contract.
- There are a number of additional issues that you will need to attend to if you are selling your business along with the property. For example, you will need to clarify the VAT position with your accountant and you will need to determine whether the business will be sold as a going concern.
- Once everyone is ready the contract is signed. We can then proceed to exchange of contracts. At this stage the sale becomes legally binding. The buyer's solicitors will then send a draft transfer deed to us so that on completion they can register the property in their name.
- We will approve the transfer deed and ask you to sign it. We will also request a mortgage repayment figure (where applicable) and prepare the final accounts.
- On the completion date we will receive the balance of the sale price, in return for which we will hand over the title deeds to the buyer's solicitors.
- We will arrange for any legal charge to be repaid out of the sale proceeds, collect our legal fees, pay any agents (where appropriate) and refund any surplus monies to you. This completes the commercial conveyancing process for the sale of your property – until you move again, when wehope you will return to us!
Back to top of this Page
Purchase
Your commercial conveyancing specialist will:
- Once you are satisfied that the commercial conveyancing quote we have provided you with is satisfactory and you have also instructed us, you will be assigned to a specialist commercial property solicitor or commercial conveyancer who will look after your affairs. We will then request the pre-contract package from the seller's solicitor. Following receipt of this, we can apply for the local authority search and any other necessary searches. We will apply for these online in order to speed up the commercial conveyancing process.
- We will raise any additional enquiries and chase the replies. We will also chase the search results. If you are dependent on any funding, we will need to ensure that your lender's requirements are met.
- Once we are satisfied with everything we will prepare a legal report on the property you are buying and send it to you.
- You will then be asked to sign the contract, legal charge and stamp duty land transaction return. You will also be asked to provide a deposit. We can then exchange contracts with the seller's solicitor. The purchase is now legally binding.
- Once contracts have been exchanged we can prepare the final accounts.
- Final searches are then made against the property and you.
- On the completion date we will hand over the balance of the funds and receive in return the title deeds from the seller's solicitors.
- If applicable, stamp duty is paid, and we will arrange to register the transfer at the Land Registry. Once the title is registered we will send evidence of registration to your lender. If there is no mortgage, we will send this to you instead. This completes the commercial conveyancing process for the purchase of your new property – until you move again, when we hope you will return to us!
Back to top of this Page
Assignment of a lease
Your commercial conveyancing specialist will:
- Once you are satisfied that the commercial conveyancing quote we have provided you with is satisfactory and you have also instructed us on the assignment of the commercial lease, you will be assigned to a specialist commercial property solicitor or commercial conveyancer who will look after your affairs. We can start the commercial conveyancing process for you. In addition to the conveyancing procedures set out above, we will need the landlord's consent to the assignment. The landlord's solicitor will prepare a draft Licence to Assign which is approved and signed by the outgoing and incoming tenants.
- There may be dilapidations for the outgoing tenant to deal with before the landlord will provide its consent.
- Where the property is licensed, you must ensure that it has the benefit of a premises licence. In addition, you must hold a personal licence. This completes the commercial conveyancing process – until you move again, when we hope you will return to us!
We at Nationwide Solicitors are proud of our excellent reputation of completing purchase or sale transactions swiftly and smoothly as possible. Rest assured we will guide you step by step throughout the whole process, making it pleasurable and painless as possible.
If you would like to obtain legal advice on the conveyancing process then please contact our specialist property / conveyancing solicitor. So, if you have any questions or would like our help in finding a local property please call us on 020 8983 8944 or by email on info@nwsolicitors.com.
YOUR SATISFACTION IS OUR SUCCESS
| Copyright ©2009 Nationwide Solicitors | We are Authorised and Regulated by the Solicitors Regulation Authority SRA No. 573339 |