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Buying or Selling Commercial Property

Buying commercial property

So, you’ve decided to buy a commercial property? There are now a number of issues that need to be considered. Here at Josiah Hincks, we are experienced in the purchase of commercial properties and can ensure that you understand the process right from the preliminary negotiations to the end.

If you have any questions regarding the purchase of commercial property, please do not hesitate to contact our commercial property department at your preferred branch.

Here’s how we can help you with your purchase:

Conducting local searches

These searches focus on what has happened with a property and what may happen with a property. Local searches are important in the purchase of property as they will show any plans that may affect the property in any way ensuring that there are no hidden surprises for the buyer upon completion.

Drafting heads of terms

This is a primary document that sets out the terms on which the parties agree. Heads of Terms usually cover three main things, price, conditions on the proposed purchase and time limits on completion. They are not considered a legally binding document, but are seen as a draft of the main contract and useful to ensure both parties are of the same understanding.

Stamp Duty Land Tax

The payment of Stamp Duty Land Tax (SDLT). SDLT is charged on property transactions if the purchase price exceeds certain thresholds.

Terms of contract

Negotiating the terms of the contract on your behalf to ensure the best outcome for yourselves.

Josiah Hincks are solicitors in Leicestershire. Contact us now for expert advice on all commercial property issues.

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Selling commercial property

Are you selling a commercial property? If so there are a number of issues that now need to be considered. Here at Josiah Hincks, we are experienced in the sellingof commercial properties and can ensure that you understand the process right from the preliminary negotiations to the end.

If you have any questions regarding the sale of a commercial property, please do not hesitate to contact our commercial property department at your preferred branch.

Here’s how we can help you with your sale:

Terms of contract

Negotiating the terms of the contract on your behalf.

Exclusivity agreements

Preparing exclusivity agreements. These agreements ensure that the buyer does not negotiate with another party for the length of the agreement which offers the potential buyer some protection in the short term.

Purchase agreements

Preparing or reviewing the purchase agreement, the contract that outlines the purchase between the buyer and the seller.

Testimonials

Don't just take our word for it...

Here's what some of our recent clients had to say about us and our team.

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