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Commercial Property Solicitors with Rightbiz

From negotiating contracts to resolving disputes, our commercial property solicitors are here to provide the legal support you need.

RightBiz Your Trusted Partner for Commercial Law Matters.

Finding the right commercial property solicitor doesn't have to be a daunting task. At Rightbiz, we bring the expertise and guidance of top-notch commercial property solicitors directly to you. Our specialist solicitors works as an extension of our team, ensuring you receive the highest quality legal advice and representation for your business needs. Whether you're in the process of buying, selling, or managing commercial property, our team, in collaboration with our trusted solicitors, is dedicated to guiding you through every step of the process, combining our expertise with their specialized knowledge to achieve your business goals seamlessly.

The Commercial Conveyancing Process: How does it work?

This guide is a brief summary of the procedure for buying or selling your commercial premises and should provide you with a basic understanding of how the transaction works. It also lets you know what to expect from your solicitor and when.

STAGE 1

Buyer

When purchasing commercial premises, your solicitor should investigate the title to the property and commission any appropriate pre-contract searches. Once received, your solicitor should approve the draft contract supplied by the seller’s solicitor and raise any additional enquiries necessary in light of search results and answers to standard commercial property enquiry forms known as ‘CPSE Enquiries’. Any ancillary matters including mortgage finance and Stamp Duty Land Tax will also be addressed at this stage.

Seller

When selling commercial premises your solicitor will have a number of responsibilities at the outset of the transaction. After investigation of the legal title to your property, your solicitor will prepare the Contract for Sale and ask you to complete one or more CPSE enquiry forms depending on the type of transaction in hand. Details of fixtures and fittings may also be required.

STAGE 2 - CONTRACT

When purchasing commercial premises, your solicitor should investigate the title to the property and commission any appropriate pre-contract searches. Once received, your solicitor should approve the draft contract supOnce the buyer is satisfied with his replies to enquiries and search results then, providing both sides have agreed the draft, the parties will exchange contracts and the Buyer will pay over any agreed deposit. It is at this point that the transaction becomes legally binding on each party.plied by the seller’s solicitor and raise any additional enquiries necessary in light of search results and answers to standard commercial property enquiry forms known as ‘CPSE Enquiries’. Any ancillary matters including mortgage finance and Stamp Duty Land Tax will also be addressed at this stage.

STAGE 3

Buyer

Your solicitor will raise the necessary pre-completion searches and prepare the Transfer Deed for the Seller’s solicitor’s approval. You will be asked to prepare the balance of the purchase monies ready for completion.

Seller

Once your solicitor has approved the Transfer Deed received from the Buyer’s solicitor and given the necessary undertakings to discharge any mortgage to the property, you will be in a position to complete the transaction.

STAGE 4- COMPLETION

The Buyer will forward the balance of the purchase price to the Seller and the solicitors for the buyer and solicitor will complete the transaction.

STAGE 5

Buyer

Your solicitor will pay any Stamp Duty Land Tax that needs to be paid and, if necessary, register the transaction with the Land Registry.

Seller

Final completion matters will include the settlement of any charges on the property and the transfer of any remaining funds to you.