Shoredons & Co Legal

Our services —

Commercial Property

Buying, selling or leasing commercial property? We're here to help

What is a Commercial Property?

Commercial property is property used for business activities, like offices, shops, cafes, restaurants, shopping centres, industrial units, warehouses and many more. 

Whenever you’re looking to buy, sell or lease a commercial property, you’ll need the support of a specialist solicitor. There are strict rules you’ll need to follow. You’ll also need to put in place contracts and documentation to record the transaction and allocate risk between you and the other side. Failing to do that, can render the transaction unenforceable and can lead to fines or penalties. 

Due to the complexities of commercial property transactions, all parties involved usually instruct solicitors. Those solicitors will ensure proper legal processes are followed, and they’ll negotiate any documentation on behalf of their clients. 

That’s where we come in.

At Shoredons & Co Legal, we act for both landlords and tenants for both leasehold and freehold properties. We’ll assess your transaction on a case-by-case basis, and we’ll prepare bespoke documentation to comply with any legal processes, and reduce your financial risk where possible. We’ll then negotiate that documentation with all third parties on your behalf – always looking for the best possible result.  

So, whether you’re planning to sell or acquire a commercial property, negotiate the terms of a new business tenancy, or simply monetise your existing property portfolio, we’ll work with you to identify and reach your unique business goals – while negotiating with banks, investors, developers, tenants, and any other third parties on your behalf (allowing you to focus on what matters most – your business).

Our Commercial Property Law Services

We advise on all types of commercial property transactions, but here’s a list of just some of how we can help:

 

Acquisitions

Acquiring a commercial property can be risky. It’s your responsibility (as the buyer) to ensure you understand the risks. This is known as ‘buyer beware’. You also need to follow the correct processes and procedures laid down by law.  

We ensure all of our clients acquire commercial property safely, in accordance with the law, and with minimal risk.

If you’re looking to acquire a commercial property, get in touch to see how we can help. 

Sales

Selling a commercial property also comes with risk. A buyer will usually instruct a solicitor. That solicitor will investigate the property and advise his/her client on the risks of buying it. Documentation will then be drawn up, and the buyer’s solicitor will aim to allocate responsibility for certain risks onto you. Meaning, even after selling your property, you may still have some financial risk. 

At Shoredons & Co Legal, we deal with the whole process and negotiate on behalf of our clients to ensure any risk is minimised. 

If you’re looking to sell a commercial property, get in touch to see how we can help.   

Leases

As with most commercial property transactions, there are strict procedures that need to be followed when entering into, or transferring, a lease. There is also specific documentation that you’ll need to put in place. That documentation will set out (i) how the property can be used, (ii) any rights the landlord will have to terminate the lease, (iii) whether (and how) any renovations can be carried out, and (iv) how the property must be returned at the end of the lease (among other things). 

Most leases are confusing and complicated, but we understand them. 

If you’re looking for help with a commercial lease, get in touch to see how we can help.

Property Auctions

Commercial property auctions can be daunting (irrespective of whether you’re buying or selling). You have little control over the process, and you have little time to think. 

Most of the risk falls on the buyer, so it’s critical that all buyers understand any risks associated with each property (in advance of the auction). That allows the buyer to manage risk, set a price limit and bid accordingly. 

We advise both businesses and individuals on buying and selling commercial properties at auction. We assess the risks of each property separately, and we provide practical advice on those risks – allowing all of our clients to make informed decisions before the auction. 

We then prepare any documentation needed to complete the transaction quickly and efficiently.

Property Development Projects

Property development projects can be complicated. Developers usually need to deal with sellers, buyers, investors, solicitors, local authorities, banks, and various other third parties.

We’re a one-stop-shop for commercial property developers. We assess and advise on each property separately, and we prepare bespoke documentation to address the unique risks of each transaction. 

If you’re a property developer looking to partner up with a law firm you can trust, get in touch.

Property Finance Documentation

Many commercial property transactions require finance. However, financial documentation can be complicated. It often requires you to provide security over your existing assets. Failing to properly understand that documentation can mean you lose control of your assets (and in sever cases, your home). 

We ensure all of our clients understand the risks and obligations being placed on them, before signature – allowing them to make fully informed decisions, without any unnecessary risk. 

If you’re looking at finance but you don’t fully understand the documentation you’ve been given, get in touch and we’ll explain it to you. 

Bespoke Services

It’s difficult to list out all of our commercial property services here. If you’re looking for a commercial property solicitor you can trust, but the support you need doesn’t fall into one of the above categories, get in touch. We’ll discuss your issues and goals, and we’ll tailor our services to provide the personalised support you need.