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Purchasing and selling business premises
When it comes to purchasing and/or selling business premises, it is essential that you consult with professionals before making any decisions or agreements with other parties. There are a variety of issues that have to be considered before you begin a transaction, including documents that need to be in place. Examples of these issues are negotiating terms, searches on the seller/buyer, property inspection, investigation of title to the property, funding considerations, and the preparation/review of contracts. These are but a few of the many considerations that have to be made when engaging in a commercial transaction. To cover these issues with the depth and professionalism that they require, you should always consult a commercial property solicitor (or an advisor, conveyancer, and so on). It is essential that they have experience in handling commercial property transactions, but they should also be approachable and comprehensible. After all, there is no point in receiving legal advice if you don’t understand what it means. Your commercial property solicitor also needs to ask the salient questions of you, as this is the only way that they can possibly understand what you hope to achieve in the buying and selling of commercial property. And, of course, your solicitor should be upfront about the timescales, costs and risks that could affect your business interests. This is precisely the type of solicitor you will encounter at Foys.