The Title Issues That Can Derail A Commercial Property Project

Title issues are often invisible at first glance. However, if not identified early enough they can seriously derail a commercial property project. This is why it is so important that you instruct commercial property solicitors as soon as possible. It will ensure that your title review is not a reactive exercise, and you can plan in advance. This will make sure that budgets and deadlines are correctly set and communicated for all parties.

By planning in advance and hiring the services of a commercial property lawyer in Peterborough there are lots of title issues you can avoid that could derail a commercial property project.

For example, you can avoid ransom strips. This is where a lack of legal access can result in a third-party demanding profit from the development. Service routes will also be covered in the title. This means that if services need to cross a third-party land or land retained by the landowner, this has been dealt with and resolved upfront, instead of it becoming an expensive issue at a later date.

By checking for title issues in advance you can also check restrictive covenants. These can limit density, use and access in some cases. When planning in advance you may be able to put insurance in place, where possible. It will avoid the risk of negotiating costly releases too. There may also be third party easements within the title. These can cause title issues that can derail a commercial property project due to existing access or service rights that interfere with the layout. In turn, this could require an increase to your costs.

There may be title issues that cover overage provisions. These must be identified promptly so they can be factored into the deal. This is especially the case when they could be trigged within planning, plot sales or implementation. The first registration of land can take many months too. This title issue can be resolved early if you bring in the commercial property lawyers soon enough. This will help to avoid it becoming a title issue that could derail the commercial property project.

Your commercial property solicitor can review the title for boundary gaps and discrepancies too. By finding these title issues early on you can avoid the risk of a reduction in plot numbers or the prevention of highway adoption. These are title issues that can derail a commercial property project if not considered early on.

These are just some of the many title issues that could derail a commercial property project. This is why you need to speak to our commercial property law experts as soon as possible. They can help you avoid these title issues, so your commercial property project is not derailed. Contact our commercial property law specialists now to find out more.