Is Commercial Conveyancing The Same Thing As Residential Conveyancing?

Our commercial conveyancing solicitors are often asked if commercial conveyancing is the same thing as residential conveyancing. After all, surely it is the same as just transferring the property from one person to another. It’s just a business property instead of a home. The buyers and sellers are businesses and not ‘real’ people buying a home for their future. Instead, it’s a business buying a home for the future of the business and its success. However, there are a lot of differences between residential conveyancing and commercial conveyancing.

For example, the stakes are a lot higher when it comes to commercial conveyancing. Any errors made can damage the value of the investment. In turn, this can result in reduced rental income or outgoings that are a lot higher than expected. It could even put your business at risk. This is why our commercial conveyancers are highly trained, qualified and experienced. This gives you the peace of mind that you are in safe hands and your business is protected.

When you choose to work with a specialist commercial conveyancer, like the team here at Burgh Thorpe Solicitors, you can rest assured you are in safe hands. We know the nuances of buying and selling commercial property for business purposes. This means that we can guide you through the process with precision, care and support.

The process of purchasing a commercial property will differ. It is dependent on the type of property you are purchasing. It also depends on whether you are intending to trade from the property or if it is being purchased as an investment. That said, all transactions will involve a significant amount of due diligence and contract negotiation. This is what our commercial conveyancers will manage on your behalf.

Along with completing due diligence, our commercial conveyancing solicitors in Peterborough will also negotiate the sale contract on behalf of your business. They will also ensure all security documentation is understood and completed correctly. There are also VAT, tax implications and Stamp Duty Land Tax payments that you will to be aware of. Our commercial conveyancers will ensure you are aware of all the relevant tax considerations. They will also ensure that you and your business are compliant with all relevant and current legislations.

Want to know more about how our commercial conveyancers can help with the purchase or sale of your commercial property? Call our commercial property solicitors now.