Gold Coast Commercial Conveyancing
Our Gold Coast Property Lawyers will help ensure your commercial property transaction goes smoothly and settlement happens on time
Attwood Marshall Lawyers is a leading commercial conveyancing firm. Our property team understand the best way to navigate the wide variety of legal issues and complexities that can arise when acquiring or disposing of commercial property.
We are able to assist with all types of commercial conveyancing, including:
- Office spaces
- Retail spaces
- Industrial buildings
- Dental and medical rooms
- Childcare centres
- Off-the-plan commercial developments
Commercial conveyancing involves a number of complex considerations, including the permitted use of the land, commercial or retail leases, land tax, town planning and zoning implications and GST.
By seeking advice from our experienced property lawyers from the outset, we will ensure your best interests are protected.
As a leading Gold Coast PEXA certified electronic conveyancing law firm, we offer a streamlined approach to conveyancing and can lodge all the required documents and transfer funds in real time in a digital environment. By using e-conveyancing processes, we can reduce the risk of any errors or delay.
Our team will ensure your matter is handled efficiently and with great attention to detail and regard throughout the entire process. We want you to have confidence and peace of mind knowing your commercial purchase or sale will settle on-time, without fuss.
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Commercial conveyancing is the process of buying or selling a commercial property, such as office and retail space, or an industrial property. Commercial conveyancing involves an extensive due diligence process, permitted use of the land considerations, town planning and zoning implications, retail or commercial leases, land tax, and GST.
Both residential conveyancing and commercial conveyancing processes are similar in that they both involve the transfer of freehold land. Commercial conveyancing is generally more in depth and has a lot more complexities to consider due to the nature of this type of transaction. A commercial property may have a lease attached to it, the use of the property may be restricted, and the due diligence process and tax implications must be considered.
Due diligence is an essential part of any commercial property purchase. The due diligence process should ensure that all the applicable enquiries have been made to assure you that you are making an appropriate commercial investment. The due diligence process may involve undertaking property and land searches, building and pest inspections, local Council and other relevant searches, and a comprehensive review of the lease and tenant conduct.
Whilst there are no two transactions that are the same, the general commercial conveyancing process involves:
- The buyer and seller obtain independent legal and accounting advice as to the correct entity to appear on the Contract.
- The buyer and seller obtain independent legal advice as to the terms and conditions, including any special conditions, that need to be included in the Contract.
The contract conditions may include a pest and building inspection, finance approval, due diligence, review of leases, prior sale, etc.
- Once the Contract has been agreed upon, the buyer and seller will sign the Contract and the critical dates will be set and diarised.
- Once the Contract becomes unconditional, both the buyer and the seller will begin preparing for settlement. It is at this stage that the parties will organise the appropriate exchange of documents, calculation of settlement adjustments and the transfer of land in accordance with the title’s office requirements.