What Is Commercial Conveyancing?

Commercial conveyancing can cover a range of businesses

, including retail, hospitatlity, office work, industrial units. It can even extend to agriculture and more. Whatever your area of business you need a business specialised commercial conveyancing solicitor to take care of you rather than a residential conveyancing solicitor. Commercial conveyancing is generally much more involved than residential conveyancing and requires much more specific knowledge. Vitally your solicitor's knowledge must be completely up to date. Laws change regularly regarding this area of property law.

Different pitfalls appear in commercial conveyancing as opposed to residential, so it is vital that your solicitor is experienced in the field so they know how to avoid any issues that could arise, either at the time of contractual agreement or further into the future. This knowledge will help you avoid time consuming court cases and other financial losses. Negotiations regarding leases are notoriously tricky; a good commercial conveyancing solicitor will make this transaction easier for you. The draft of a lease needs to be well executed to avoid any confusion and any future disputes.

Commercial conveyancing can cover:

- Leases and renewal thereof

- Buying of property

- Selling of property

- Sale and acquisition of leases

- Guarantees

- Rent agreements and deposits

- Service charges VAT and other tax issues (law surrounding this are changing constantly so awareness is vital)

- Use and licensing of property

- Landlord's consents

- General position at end of lease term

- General pre-contract enquiries regarding the property

- Commercial mortgages

And many more areas of buying, selling and leasing of business property. It can also cover aspects of shares and assets related to the sale and purchase of businesses themselves. Make sure every aspect of this type of business transaction goes smoothly and employ a brilliant solicitor with a good reputation, with whom you get on with. Being able to communicate well with your solicitor is vital so you can be kept up to speed with proceedings every step of the way. Experienced solicitors will know common issues and will be able to navigate them rapidly compared to someone with less experience. You will utimately avoid unneccessary financial loss and loss of time by investing in a really good solicitor today. Shop around and find someone who you are completely happy with working with for an extended amount of time and offers a price and package suitable for your needs.

by: Nicholas Jervis

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