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Conveyancing in business

 

In business, conveyancing is the transfer of a commercial legal interest in land. This does not necessarily mean the sale of the freehold, but can extend to the granting of leases or other rights over land. Business conveyancing is largely similar to residential conveyancing, though there are some differences between the processes; for example, a different set of standard conditions is used.  When dealing with a company it is important that a company search is done to ensure that the company is free to sell the property.

Business conveyancing is often prominent in the granting of leases. Most commercial units are let to businesses rather than sold, as it gives the business a greater degree of flexibility and a reduced capital outlay, which is particularly important in the fledgling years of a business. Letting commercial space can be massively profitable, but it is important that good legal advice is taken before granting any lease, as the lease must be well drafted to give legal effect to your intentions. If you are involved in leasing business property, either as the lessor or the lessee, then you should ensure you have the assistance of a specialist solicitor, as the drafting of the lease is often the subject of detailed negotiation and failure to have a professional to assist can result in great financial loss over a number of years.

If you would like to obtain legal advice on business conveyancing, Caven can put you in touch with a local specialist business conveyancing solicitor free of charge. So, if you have any questions or would like our help in finding local business conveyancing solicitors please call us on 0808 129 5758 or complete the web-form above.

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