Why You Need A Commercial Property Solicitor When Selling Commercial Property

Selling commercial property in the UK can often be a complex process. This is because there are many legal and practical considerations. These all need to be thought when selling your commercial property. However, very often organisations will still be focusing on the smooth running of the business and other areas of business. This is why you need a professional commercial property solicitor that you can trust when selling your commercial property.

They can look after all the pre-sale commercial property preparations with you. Our commercial property conveyancers will help you think about why you are selling your commercial property. By being aware of your reasons, it will make negotiations and decisions easier throughout the process. We can look at the current market and if now is the right time to sell your commercial premises, or if there is a better way to raise funds for your business.

Our commercial property law team will help you obtain professional valuations for the premises. These will help you to establish an asking price for your property. It will also give you an opportunity to compare your property with recent sold properties in the local area. Within your commercial property valuation, we will help you understand the cost approach as well as the income approach.

There are a lot of documents that are needed when selling your commercial property. Our commercial property law experts can help prepare these for you. These will include title deeds and planning permission as well as energy or fire safety certificates. We can also help with rental payment history, building insurance details and any regulations consents on the commercial property too.

These documents will be needed for due diligence by the buyer’s solicitor. Our team of commercial property lawyers will prepare them in advance for you. This means when the buyer needs them, they are ready. This will help speed up the property sale process.

When you appoint our commercial property solicitor when selling your commercial property, they will take on various roles and responsibilities to ensure a smooth and compliant transaction. They will handle negotiations and draft a sale contract for the property. The commercial law specialist will also oversee the conveyancing process, which includes all property searches.

You will be able to focus on your business while our commercial property solicitor deals with all the buyer’s solicitors pre-contract enquiries such as due diligence for example. They will obtain deeds of release of any charges on the property. In addition, they will prepare and analyse title documents for the property, along with any due diligence materials.

Your commercial property lawyer will also facilitate the exchange of contracts and any completion formalities required. Finally, they will ensure all funds are securely transferred.

Need the help of a commercial property law specialist to help with the selling of your commercial property? Call our property law experts in Peterborough now.