Sale of Commercial Property

What else you might like to know about Sale of Commercial Property

If your business is considering selling a property, seeking the help of an experienced legal service provider should be your next step. Here is some basic advice and guidance to inform your choice of legal expert. 

How long should a commercial property sale take?

The sale of a commercial property can take as little as six weeks to complete. However, there are a number of legal and financial steps that must be taken in order to transfer the ownership of a commercial property and this can add to the sale time significantly. These steps include searches, surveys and associated negotiations. 

What checks do I need to conduct before selling a commercial property?

Before you can sell a commercial property to a new owner there are certain safety checks that need to be carried out. These include ensuring that the property has its gas and electricity safety certificates in place and local checks are carried out. 

How can a legal service provider help?

A legal service provider will draw up the documentation needed to sell commercial property. This may include the Head of Terms, a legal document drawn-up at the beginning of the process that outlines the agreed terms of the sale. 

How can I choose the best legal expert?

It is worth considering a number of factors when choosing a legal expert to handle the sale of your commercial property. First and foremost, you will need a legal service provider with significant experience in handling commercial property matters. Read client reviews and ratings on The Law Superstore to find out more about the level of service each legal service provider offers. You may also wish to consider the location, size and cost of a firm before making your decision.

 

Answer a few short questions now and start comparing legal service providers based on the criteria most important to you.

How will a legal service provider charge me?

A legal service provider may charge on a fixed fee or hourly rate basis for the sale of a commercial property.