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Buying or selling commercial property involves complex legal processes that are fundamentally different from residential transactions. Commercial conveyancing requires specialist expertise to navigate planning regulations, environmental issues, complex financing arrangements and sophisticated contractual terms that can significantly impact your business.
Planning and Use Classes:
Environmental Issues:
Financial and Tax Matters:
Legal Fees:
Additional Costs:
Commercial conveyancing requires specialist expertise to identify risks, negotiate favorable terms and ensure smooth completion of your business property transaction.
This information is for general guidance only and does not constitute legal advice. For specific legal advice tailored to your situation, please consult with a qualified solicitor.
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Find Your SolicitorCommon questions about commercial conveyancing and how our solicitors can help
Commercial conveyancing is the legal process of buying or selling business property, involving complex procedures that differ significantly from residential transactions. It includes due diligence investigations, title examinations, environmental searches, planning compliance checks, contract negotiations, and managing the legal transfer of ownership for commercial premises.
Commercial conveyancing involves higher financial stakes, complex documentation, planning and environmental considerations, sophisticated financing arrangements, detailed due diligence, VAT implications, and business-specific legal issues. The process is more complex, takes longer, and requires specialist expertise to navigate successfully.
Commercial property due diligence includes title investigations, property searches (local authority, environmental, drainage), planning history reviews, building surveys, environmental assessments, lease reviews, financial investigations, tax considerations, and compliance checks. This comprehensive investigation identifies risks and liabilities before completion.
Yes, environmental searches are essential for commercial property to identify contamination risks, environmental permits, flood risks, and sustainability requirements. Commercial properties often have complex environmental histories and potential liabilities that can cost hundreds of thousands to remediate. These searches protect buyers from unexpected environmental cleanup costs.
Planning considerations include confirming permitted use for your business, understanding use class restrictions, checking for planning breaches, reviewing planning conditions, assessing change of use requirements, and ensuring compliance with building regulations. Planning issues can significantly impact property value and business operations.
Commercial conveyancing typically takes 6-10 weeks for standard transactions, 10-16 weeks for complex deals, and 12-20 weeks for development sites. Timescales depend on due diligence complexity, planning issues, environmental investigations, financing arrangements, and the sophistication of legal documentation required.
Commercial conveyancing costs include legal fees (£2,000-£15,000+), Stamp Duty Land Tax (0-5% of purchase price), Land Registry fees (£40-£910), search fees (£300-£1,000), survey costs (£1,000-£5,000+), and potential VAT implications. Professional advice helps optimize these costs and avoid unexpected expenses.
Yes, commercial property purchases can fall through due to unsatisfactory surveys, planning issues, environmental problems, financing difficulties, title defects, or changed market conditions. Professional legal advice helps identify risks early and structure transactions to minimize the risk of abortive deals and associated costs.
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