Commercial Property Solicitors in Leeds
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0800 988 7756
Commercial Property Specialists
Our specialist commercial property solicitors deal with the legal aspects of all types of commercial property transactions. Whether you are buying a commercial property, selling, leasing or refinancing, we can provide partner-led advice and representation to ensure your transaction goes smoothly.
We handle a diverse range of businesses premises, including shops, cafés, takeaways, offices, warehouses and small factories. Our team deal with commercial property transactions of all sizes and values, offering excellent value for money and outstanding legal advice and client care.
If you need expert commercial property legal advice and representation, we will be pleased to help.
Call us today on 0800 988 7756 to speak to our commercial property solicitors in Leeds and London. Or get in touch using our enquiry form below.
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Our commercial property services
- Acquisitions and disposals
- Commercial leases, including assignments of leases and lease renewals
- Commercial development
- Commercial property financing
- Buying and selling commercial property
- Leasehold enfranchisement
- Refinancing / remortgaging commercial property
- All ancillary heads of property work, such as planning and forfeiture.
How we can help you with your commercial property
| Acquisitions and disposals
If you are buying commercial property, we will ensure that you will be able to carry out the business activities that you want at the premises and that the legal title is sound. We will explain any restrictions clearly and advise on issues such as tax implications and matters relating to any leases there may be.
We also offer representation if you are selling a commercial property, preparing the documentation for the buyer’s solicitors and dealing promptly with their enquiries.
We represent all types of commercial property owners, including investors, developers, business owners and landlords.
| Commercial leases, including assignments of leases and lease renewals
Leasing commercial property is complex and involves a wide range of obligations and liabilities. It is essential to fully understand what you will be taking on and to have your interests protected as far as possible.
Issues of particular importance include negotiating and agreeing on the following:
- The length of the lease
- How rent increases will be dealt with
- Whether break clauses will be included
- How service charges will be calculated
- What responsibility the tenant will have for repairs and maintenance
- Whether the lease can be assigned or sublet
- How the lease can be terminated
We will work with you to establish what you and your organisation’s needs are and negotiate robustly on your behalf to secure the right agreement.
| Commercial development
We deal with commercial developments of all sizes, representing developers and landowners from the start of the development to the end. We work tirelessly to ensure that each stage of the transaction can progress smoothly, without legal hold-ups, including dealing with:
- Site acquisition
- Planning issues
- Development finance
- Construction
- Change of use
- Sale of developed property, to include drafting leases and creating management companies where necessary
| Commercial property financing
Where clients are obtaining commercial property finance, we work to ensure that the legal aspects are dealt with promptly so that delays can be avoided. We handle all types of financing for commercial property, including:
- Commercial mortgages and commercial remortgage
- Development finance
- Bridging loans
- Buy to let finance
- Non-traditional commercial property finance
- Advice on personal guarantees
| Buying and selling businesses
Purchasing another business can represent a significant opportunity in your business ventures. This can involve purchasing the business itself as well as the property that it occupies, which means it is essential to ensure a smooth transition to maximise your business’s chances of long-term success with its new investment.
You may be merging the business with your own or letting it operate independently under your franchise. Likewise, your business may be sold to new owners due to a change of focus or relocation, but it is run in the same manner as before, such as when a convenience store changes hands yet remains operationally identical.
These types of transactions can represent significant growth and capital return opportunities, so it is important to enlist the best legal guidance to ensure that you fully capitalise on your commercial property transactions.
At Levi Solicitors, our team have comprehensive experience handling the most complex commercial property transactions, providing the bespoke support necessary to ensure that operational functionality remains smooth and any transitions are completed seamlessly. We will work with your company to ensure your interests are satisfied and your goals are met.
| Leasehold enfranchisement
Leaseholders of residential or mainly residential properties often have the right to purchase the freehold. This is known as leasehold enfranchisement. The process of buying the freehold can be dealt with formally or informally.
Our leasehold enfranchisement solicitors represent landlords and tenants in the enfranchisement process, ensuring the correct procedure is followed, dealing with negotiations over the premium to be paid and ensuring the purchase is correctly registered with HM Land Registry.
We also handle related matters, including creating and registering management companies and extending leases.
| Refinancing / remortgaging commercial property
As well as dealing with the initial financing of a commercial property venture, we also represent property owners in commercial property refinancing and remortgaging. We know how crucial it can be to deal with the finance aspects of commercial property transactions promptly and we provide an efficient service, always aiming to meet deadlines.
| All ancillary heads of property work, such as planning and forfeiture
We provide a full service to our commercial property clients, with expertise in supporting areas of law, including:
- Planning advice
- Drafting a full range of commercial property documentation, including heads of terms, option agreements, uplift agreements and lockout agreements
- Construction contracts
- Licences and leases
- Lease forfeiture
- Commercial property dispute resolution
For more information on our property dispute services, see our commercial property disputes solicitors page.
What can our commercial property solicitors do for you?
We offer a full range of commercial property services across the needs of an enterprise all stages of the business cycle. From buying or leasing an organisation’s first commercial premises to refinancing, commercial property investment and sales.
We will take the time to understand your business’s needs and work as part of your team to ensure that you have the flexibility you need in dealing with commercial property. We pay great attention to detail and will work to protect your interests and limit your liability as far as possible.
Why choose our commercial property solicitors?
Our specialist solicitors advise on a wide spectrum of commercial property work. By working in conjunction with our commercial litigation and licensing experts we believe that we are well placed to offer every aspect of commercial property advice under one roof.
We act for a diverse range of businesses, and our loyal client base spanning many years is testament to the quality of our service. We deal with property matters of any size or value and we are able to do so at a reasonable cost to our clients, whilst at the same time maintaining the highest standards of skill and care.
Our partner-led team is dedicated to letting you get on with your busy day job whilst delivering sound commercial advice and solutions. The bedrock of our business is the close professional relationships that we build with our clients, which allow us to work alongside them in a trusted partnership to fulfil their individual objectives.
With many years of experience in commercial property in Leeds, London and elsewhere, we have the understanding to manage transactions efficiently, dealing promptly and effectively with complex issues and problems.
We know that deals are often time-sensitive and we always aim to move matters forward without delay, working proactively to ensure that other parties are also progressing their end of a transaction.
We have a strong commercial understanding and our advice will be based on this as well as on our legal expertise. Our advice will be pragmatic and we will offer practical solutions to complications, preventing hold-ups wherever possible.
Frequently asked questions about commercial property
What is classed as commercial property?
Commercial property includes all types of establishments used for non-residential purposes, including office buildings, warehouses, shops, bars, restaurants, takeaways and factories. Some properties may be partly commercial and partly residential, which can affect a landlord or tenant’s rights and responsibilities.
There are different classes of use for commercial property and if you buy or lease premises, it is important to ensure that you can use it in the way that you want. By way of example, restaurants, most retail premises and financial services fall under Class E, while hotels fall under Class C1.
There is some scope to change use, although in some circumstances, you will need the local authority’s consent. We provide advice on use classes and on the process for applying for a change of use.
What happens when you buy a commercial property?
There are several steps to go through when purchasing commercial property. The main stages include:
- Agreeing heads of terms – these are the key points of the deal that you have agreed upon with the other party, put into a non-binding document. The document will form a roadmap for the transaction. We can negotiate heads of terms on your behalf and draft a comprehensive agreement
- Contract papers provided – the seller’s solicitor will provide extensive paperwork in respect of the property for the buyer’s solicitor to go through. The buyer’s solicitor will carry out extensive due diligence work, including applying for searches and raising numerous enquiries with the seller’s solicitor. The seller’s solicitor will work with the seller to provide responses
- The buyer will have a survey carried out and if issues are revealed, negotiation over an allowance in respect of the price may be needed
- Finance is arranged and the buyer’s solicitor will go through the terms of the loan and comply with the lender’s requirements
- The buyer’s solicitor will report to the buyer on their findings, in particular raising any issues that the buyer needs to be aware of. The buyer will sign the contract and any finance documentation
- The buyer will provide their solicitor with a deposit, then contracts are exchanged and a date for completion set. The buyer will be provided with a statement showing how much their solicitor will need to complete the purchase
- On completion, the buyer’s solicitor will send the balance of the purchase money to the seller’s solicitor
- The buyer’s solicitor will then arrange for payment of Stamp Duty and registration of the buyer’s ownership at HM Land Registry.
What are the pitfalls of buying commercial property?
Commercial property ownership can be expensive. As well as paying the mortgage, there are also maintenance costs, insurance premiums and business rates to be covered. Although a short exemption from business rates may be available if a property is empty, this is usually only for three to six months. After that time, they will be payable in full.
This means that if you buy a commercial property that you are unable to lease, you will have extensive outgoings. Choosing the right property in the right location is crucial and you are strongly advised to research the market thoroughly before going ahead.
Do I need a solicitor to buy or sell a commercial property?
An experienced commercial property solicitor is essential if you are considering a commercial property transaction. The paperwork in both leasing and buying commercial property is complex and there will be extensive obligations that you must understand fully before you take them on.
A commercial property expert will also be able to negotiate hard on your behalf to secure the right terms and conditions for your deal, as well as drawing your attention to anything of concern.
Having the right advice from the start will not only give you the best chance of making a sound purchase, it can also substantially reduce the risk of a legal dispute arising from not having the right advice, not understanding the implications of the purchase or from having poorly drafted or ambiguous documentation.