Commercial Property/Leases
COMMERCIAL PROPERTY SOLICITORS MERTON – COMMERCIAL CONVEYANCING MERTON
Commercial Conveyancing
Commercial conveyancing is the process of transferring property rights, including leases, freeholds and others, from one business or person to another in a commercial context. For many businesses, the premises they lease represent a significant chunk of their annual outgoings. Clearly it is important to get conveyancing done right or you might spend a fortune correcting mistakes that did not necessarily have to happen in the first place.
How we help our commercial clients
We are specialists in commercial property and have experience in guiding all types and sizes of business through the minefield that is conveyancing. Whether you need to lease offices, industrial units or shop, bar, restaurant or pub premises, you can be assured that you will be able to find a solicitor in Merton who will provide you practical, commercially-focussed advice relevant to your business.
We have experience in a wide-range of commercial property transactions. We commonly advise our clients with regards to:
- Buying and selling commercial property
- Assignment of leases (transfer from one tenant to another)
- Commercial leases
- Lease renewals and negotiations
- Dilapidation issues
- Repairs
- The general rights and obligations of commercial tenants
If your issue is not covered in this list, please do not hesitate to contact us and find out how we can help.
Things to consider when looking at business premises
You should always keep in mind that commercial premises can represent a significant chunk of your annual outgoings. With this in mind, you have to be certain that the premises are suitable and that you are getting a good deal for your money.
Consider your business model and try to picture where your business will be in the next few years. Do you realistically foresee a strong period of growth? If so, you should consider whether the premises will be adequate for the amount of stock, staff and customers you might have in the future. Also consider the facilities? Is there a toilet for both customers and staff as well as a staff kitchen?
Remember to bargain with the landlord and do not reveal any signs of desperation. In lean economic times, there is are countless unoccupied commercial premises out on the market. It is a buyer’s market at the moment, meaning you are in a great position to bargain with the landlord and get a good deal.
At an early stage, you might also be able to identify general problems with the upkeep of the property. Although we recommend using a surveyor to have a good look at the property and having a solicitor conduct detailed searches, by identifying problems early on, you might save a lot in fees.