Commercial Property Solicitors

The key stages include agreeing 'Heads of Terms', conducting extensive due diligence and property searches, securing finance, negotiating the Sale and Purchase Agreement (SPA), exchanging contracts, and finally, completion.

Due diligence is a deep investigation into the property. It includes physical inspections, analysing planning permissions, checking environmental risks, and a full legal review of the title, leases, and service contracts by your real estate solicitor.

SDLT for commercial property uses different rates and thresholds compared to residential. The amount is calculated based on the portion of the purchase price that falls into each tax band. We provide a full calculation as part of our service.

Capital Allowances can be a significant tax relief available when buying a commercial property, allowing you to deduct the value of "plant and machinery" (like air conditioning or wiring) from your profits. We work with specialists to ensure this is correctly handled during the transaction.

Yes. The property is often the most valuable asset in a business transaction. Our solicitors handle the complex property aspects when you are buying a business or selling a business, including the transfer of leases, titles, and goodwill.

Heads of Terms (HOTs) are a summary of the main commercial terms agreed between a landlord and tenant before the formal lease is drafted. While usually not legally binding, they are a crucial roadmap for the transaction.

A break clause is a term in a lease that allows either the landlord or the tenant (or both) to end the lease early, provided they meet certain conditions. Our commercial lease solicitors can negotiate these on your behalf.

This depends entirely on the lease. A 'Full Repairing and Insuring' (FRI) lease makes the tenant responsible for all repairs and insurance. It is vital to understand these obligations before you sign.

This is a key piece of legislation that can give business tenants the automatic right to a new lease when their current one expires. Leases can be drafted "inside" or "outside" this Act, which has significant implications for both parties.

Usually, yes, but you will almost certainly need the landlord's formal consent. The process is known as a lease assignment, and we can manage the legal process for you.