Commercial Property
Our commercial property team deal with most types of transactions; from straightforward sales, purchases and leases to complex overage agreements, secured lending arrangements, sales with leaseback schemes, and transactions involving pension arrangements.
HOW OUR COMMERCIAL PROPERTY TEAM CAN HELP YOU
As a team of experienced commercial property solicitors, we’ll be more than capable of supporting you in your commercial property requirements. Our aim is to provide a cost-effective solution for all commercial clients.
We represent landlords and tenants, but we’re also here for business and commercial property owners too.
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Our solicitors are vastly experienced with auction property conveyancing. There are many properties in the UK which go to auction. Whether you’re looking to buy or sell a property in auction, we’ll be on hand to advise you and ensure all legal requirements are being adhered to.
Work with an experienced solicitor
Our commercial property solicitors have worked with many clients at auctions. Not only does our team have great experience, but they also have a positive working relationship with auction agents.
We understand all the legislation surrounding property buying and selling at auction, including tax implications, so we can manage your property and wealth effectively.
Selling a property at auction
It’s becoming a popular method of selling commercial property, but it differs greatly to selling by private treaty. You must understand every aspect of the process before you enter your property into a commercial auction – we’ll be more than happy to explain and guide you through the process.
There are various auction agents that focus on different areas of property. It’s important to find the right one. We’ll be able to help you with this and put together a complete legal pack.
Buying a property at auction
Purchasing commercial property at auction can offer you the opportunity to buy at the most competitive rates. Property auctions can offer a range of commercial properties, from a small corner shop to a large office space.
For someone purchasing a property at auction, there are a number of aspects of the sale which need to be completed. One of which is possibly the most important piece of advice we have for you – check the auction contract before auction.
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Commercial Property Lease Solicitors
Along with having in-depth knowledge surrounding the legalities of business property leases, our commercial property solicitors are experienced with their conduct during the process. They will ensure that you will experience a faultless service, in which their advice is coherent, concise and tailored to you.
Commercial property leases are often lengthy, complex documents forming the contractual agreement between the landlord and tenant for the lease term. Because of this, there are many areas which can be questioned upon agreement, or years after agreement of the lease.
Legal advice for business property leases
Business property leases require significant commitment from both the landlord and tenant. As it is a big commitment, it’s essential that the right terms are put into place from the beginning.
Having worked with landlord and tenants in the public, private and charitable sectors, our solicitors have drafted and reviewed leases of all complexities.
Our commercial real estate team is supported by our experienced litigation team to assist with any disputes you may face along the way. With the combination of our commercial property experts and disputes department, you’re in safe hands.
Our commercial property lawyers act swiftly and incisively when working within commercial property. Whether we’re drafting a commercial property lease or we’re acting on behalf of a tenant to dispute a proposed lease, we strive to achieve our client’s objective quickly and successfully.
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With any contract, it’s pivotal that both parties understand it before agreeing to the commitment of the contract. In terms of an option agreement, it’s the contract formed between a developer (purchaser) and a landowner. It’s our job to ensure that whether you’re the developer or landowner that your option represents your exact requirements.
What is an Option Agreement?
An option agreement is an agreement between two parties – the landowner and a potential buyer (the developer). It allows developers the ability to purchase a specific area of land after they are granted permission for the development. It provides the right, but not the obligation, for a party to purchase, sell or gain an asset at a certain price and at a particular period of time.
Both parties enter into an agreement in return for a non-refundable sum of money. This is then paid to the landowner and in exchange, the buyer is granted first option to buy the asset. This is agreed contractually through an option agreement.
Work with an experienced solicitor
Every option agreement will differ depending on the facts and the reason for the agreement. They do each however have similar requirements within an agreement.
Some of the typical requirements in a contract include:
The duration of the term of the option.
The amount of land included in the option.
A condition or conditions which allow for the process to be completed.
The amount of deposit to be paid by the buyer.
Any extension on the duration if applicable.
A dispute resolution procedure.
Our specialist team of lawyers are skilled in the preparation of commercial contracts and agreements. They’re experienced in acting for either a developer or the asset owner in an option agreement.
Always seek professional advice before committing
Before committing to any kind of option agreement, we recommend you seek legal advice.
By working with our solicitors, we will be able to review the agreement and ensure your best interests are being met.
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Whatever the reason for refinancing a commercial property, it is essential that you as a borrower or lender are advised by a credible and experienced team of solicitors. We’ve worked with both borrowers and lenders.
We have a great understanding when it comes to lenders, which means we can complete a transaction quickly and cost effectively. Whether we’re acting for a bank or a borrower, we’ll ensure that your transaction is managed efficiently.
Refinancing for borrowers
Refinancing a commercial property is often a great solution for property owners who are looking to pay some of their debt, reduce mortgage payments or shorten their mortgage term.
We’re in regular contact with the major banks and lenders, which means we have great experience when it comes to satisfying the requirements of lenders.
We can advise on a wide selection of lending transactions, including offices, shops, hotels, restaurants, pubs, warehouses and industrial units.
Refinancing for lenders
Having acted on behalf of many banks and lenders, we know how to best manage these cases.
We understand the common expectations and criteria for lenders, so we’re comfortable in working to strict deadlines to ensure your lending value is not compromised.
Why work with our solicitors
Our team have worked with a whole host of clients on both sides of the commercial refinancing process. This offers has a great insight across the entire process.
Speed and accuracy are key in the process of refinancing, which makes our friendly and accessible team of solicitors an ideal partner for you.
Refinancing requires careful consideration for businesses
As with most of our commercial services, we always recommend that business owners come to us to speak about the process. Refinancing can be a great solution, but it can also offer many drawbacks.
To consider all your options and to hear both the pros and cons to commercial refinancing, please make contact with our team. We can speak on the phone or you can come in and see us in our Wiltshire or Hampshire office.
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Our solicitors are experienced with the process related to negotiating and acquiring land for development. Whether it’s for commercial or residential land development. For a developer, our solicitors will advise on all aspects covering the laws and regulations of land development.
With many years of experience, we know how best to work with our clients in the process of land development. We as a legal team understand the pressure you’re under and the expectations you have, and we always strive to achieve the right conclusion for you.
Representation for developers
For a land developer, it’s essential that striking a deal quickly and effectively is important. To achieve this, it’s key that you work with a firm which can guarantee fast turnaround and a smooth process.
Representation for landowners
For landowners, a land development project could be the single most important financial transaction. Protecting your interests is paramount, and we will strive to ensure you understand the process and are happy with the desired outcome.
Why work with us
We’ve acted on behalf of many of developers and landowners over the years for both residential and commercial property areas. You can always expect the highest level of legal experience when working with our commercial property solicitors.
Our land development solicitors cover all aspects of developments, including land sales, site applications, contracts and the taking and granting of Options.
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Commercial land is a big part of our commercial property legal services. We’re experienced with buying or selling commercial land and property, and our commercial land solicitors are available to guide you through the process.
With each land or asset purchase and sale we undertake, we work closely with other professionals, including bankers and accountants. This is to ensure that the process goes smoothly.
Our approach to commercial land transactions
Time is a crucial factor in the process, and that is why we’re attentive in our approach; we have the ability to respond quickly to matters. We always aim to achieve the best results for our clients, even when we’re working to the tightest timescales.
Our solicitors adopt a balanced approach with both their legal knowledge and moral support. Their wealth of experience means they’re comfortable in dealing with every requirement of a transaction, this includes liaising with agents, banks and accountants.
Our land acquisition and transaction services include:
Land option agreements
Promotion agreements for land
Buying strategic land for development
Pre-emption agreements
Collaboration agreements