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Commercial Property

When dealing with commercial Property, you need legal professionals who know the market and are experienced at advising on complicated property transactions and can offer a bespoke personal service.

We act for banks, building societies, and listed property companies. We place considerable emphasis on providing swift yet comprehensive investigation of any prospective security.

The requirements of commercial lenders are becoming more stringent, and we will deal with their conditions efficiently and effectively so you can then get on with putting into practice your business plan.

Commercial property conveyancing

Commercial property is increasingly seen as a good investment opportunity and banks and other financial bodies are willing to lend money because it is secured against the property by way of a mortgage or a charge.

When buying or selling commercial property or portfolio, complex conveyancing issues may arise, but a specialised solicitor will see that all the finer details of the transaction are dealt with. This due diligence stage is crucial to ensure that no costly mistakes arise in the future regarding ownership of the property or Titles to the same.

Leasing property

Depending on whether the commercial property is freehold or leasehold, distinct legal aspects of the transaction need to be considered. Acquiring the lease of a commercial property for example could be for a fixed term of a year or two or a long leasehold interest at a market rent or one off premium.

A commercial loan may sometimes be required by businesses looking to lease premises. Before signing any loan documents, you need to consider each element of the lease, including the responsibilities of the tenant and the landlord, hidden costs, the length of the lease, rent review provisions and whether or not a break-clause will be required.

There is generally less protection for a business tenant than a residential one because it is assumed they have business acumen. Accordingly, negotiations and proposed arrangements should be carefully documented and reviewed.

Commercial property assignment

We have guided hundreds of clients through successful lease assignments, ensuring smooth transitions and maximum protection of your interests.

Gawor & Co will look to secure the best terms for you, from rent adjustments to assignment fees. We will be by your side, from initial consultations to final document signings, helping to surmount challenges and keeping you informed in plain English.

Assigning your lease involves navigating a tangled web of legalities, including:

  • Landlord consent: We will be looking to secure their approval with compelling arguments and thorough preparation.
  • Lease terms and conditions: We will get familiar with your obligations and liabilities, negotiating favourable amendments if needed.
  • Financial considerations: We can help you renegotiate rent, manage deposits and ensure a smooth financial handover.

Once you have found the perfect tenant for your space, we will draft and review legal documents, ensuring everything is watertight and liaising with all parties involved – landlords, assignees, brokers and other stakeholders.

Secured lending

Your commercial needs will be different depending on whether you are borrowing or lending money. We can advise on the type of security and guarantees you should have in place to protect your investment, discussing the risks at each stage of the transaction and negotiating the terms of the agreement.

Whether it is a long-term commercial mortgage, bridging or development loan that is required, we will work at your speed to make sure that the transaction is properly structured and that the correct loan and security documents are in place. It is important that the final agreement meets your business objectives, and we will provide clear and comprehensive updates throughout the drafting process.

Property law is constantly evolving, and we keep abreast of changes so that we can make sure our clients are properly advised on all implications of a transaction. Our focus is progressive – we recognise that your business does not stand still and that your challenges require fast, effective solutions.

If you need assistance, contact [email protected] or call 020 7481 8888 to speak with one of our Solicitors for expert legal advice.