Acquiring or disposing of a home for your business can be a complex task with many factors to consider.
When you wish to acquire should you buy or lease? Can you meet a lender’s requirements? Will the property be available when and as you need it? Are there planning conditions to be met? Are there risks with environmental issues or dilapidations? Are you acquiring in the most tax efficient way? Most of all, when contracts are signed and exchanged, have you acquired a good and marketable title that will maximise return on your significant investment?
When it comes to leaving your premises, you will wish to minimise any potential ongoing liabilities, you will want the process to be as smooth and stress free as possible and to get the best outcome you can achieve.
At Labrums, we provide a full commercial property law service to businesses based in St Albans or nationally. With strong knowledge of the property market and sound commercial awareness, our commercial property solicitors will identify and understand your specific challenges and requirements to deliver what you want. Contact us today for expert commercial property legal advice.
Commercial Property Legal Advice and Services
At Labrums, our team of commercial property solicitors have over 25 years of experience dealing with all aspects of commercial property, including:
Buying and selling freeholds
If your business is in a position to buy a property, this will be a huge undertaking but one that will bring many benefits, including more control over your monthly outgoings and greater flexibility to adapt and expand your premises in line with changes in your operations.
Once you have found the right property for your company, our commercial conveyancing solicitors can make sure legal ownership is transferred to you quickly and smoothly. From legal searches and surveys to contract of sale and completion, our commercial property lawyers will expertly manage every aspect of the transaction, keeping you consulted and informed throughout.
Preparing commercial leases
Entering into a commercial lease is a significant commitment and so it is highly beneficial to have specialist legal advice when negotiating the terms. Both the landlord and tenant will wish to protect their own interests when it comes to key issues – including break clauses, rent and rent reviews, sub-letting and repairs – which can sometimes prolong the negotiation process.
We understand your business needs quick results but more importantly the right result, so our solicitors work efficiently to protect your commercial objectives. Our commercial lease lawyers in St Albans have advanced negotiation and drafting skills, which help our clients secure the best possible terms now and for the future.
Licenced properties are suitable if you are looking for cost-effective and short-term occupation of a business premises. If you have decided to move into a licenced property, the licence agreement between you and the landlord will set out the rights and responsibilities of both parties. It is important to consider the terms of the licence agreement carefully to make sure you do not agree to any unacceptable obligations or restrictions.
Our commercial property solicitors are expert in licence agreements and can help you review the contract and advise on the implications for your business. Where we believe your interests could be better served, we will negotiate the most favourable terms on your behalf.
Commercial property mortgages
We can help your business secure the right finance for its new premises. As part of our comprehensive commercial property legal services, we will advise you on your funding options, work with your lender – carrying out the searches it requires – and register details of your mortgage with the Land Registry.
If you are considering investing your pension money in commercial property, our commercial property solicitors can help you work through the complexities involved. We have expertise in SIPP and SSAS pension scheme property investments and can ensure that your transaction is compliant with the regulations that apply. Our team will take the time to understand your commercial objectives and ensure these are met through your pension fund property investment.
Contact Us Today
Labrums’ dedicated commercial property solicitors work in partnership with businesses in St Albans and nationwide at all stages of their commercial property transactions. We know that you need pragmatic advice, expert services and regular communication when it comes to such valuable matters. We will work with you to identify and understand your specific challenges and requirements to create outcomes that deliver what you want.