Sydney Commercial Conveyancing
We have the experience and specialist knowledge to ensure there are no delays and everything goes to plan when you are buying or selling commercial real estate.
Our Sydney lawyers will handle every aspect of your commercial conveyance with great attention to detail and regard, keeping you updated every step of the way.
Commercial conveyancing gives careful consideration to various complex matters including permitted use of the land, leases, land tax, town planning and zoning implications and GST.
Our commercial property lawyers have the experience to assist you with the purchase or sale of:
- Industrial buildings
- Retail spaces
- Dental practices
- Medical rooms
- Veterinary practices
- Childcare centres
- Off-the-plan commercial developments
We understand the best way to navigate the large number of legal issues and complexities that can arise when acquiring or disposing of commercial properties.
We offer you clear advice and can guide you through the conveyancing process to ensure your interests are protected and the transaction proceeds smoothly.
As a PEXA certified e-conveyancing law firm, Attwood Marshall Lawyers delivers greater certainty for on-time stress-free settlement. By executing your conveyance electronically, you can take advantage of the fact sale proceeds are processed as clear funds, which means money changes hands quickly and securely. Registration of ownership also happens instantly, which will give buyers peace of mind.
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Commercial conveyancing is the process of selling or buying commercial real estate (for example medical practices, industrial buildings, and retail spaces).
Commercial conveyancing is a comprehensive process that will investigate a number of factors including town planning and zoning implications, the permitted use of the land, leases related to the property, land tax and GST. Due diligence processes must also be undertaken to review the property and determine if there are any conditions that may affect the seller’s ability to transfer title to the buyer.
Residential conveyancing and commercial conveyancing are similar, however commercial conveyancing is a much more in-depth process that requires giving careful consideration to additional issues that are not relevant to residential properties.
Commercial conveyancing involves:
- Reviewing commercial or retail leases where applicable. The lease would have been negotiated between the tenant and landlord, and it is imperative that the buyer of the commercial property is aware of the terms of the lease and rights of the tenants;
- Giving consideration to any restrictions surrounding the use of the land;
- Due diligence to be undertaken;
- Careful consideration to be given to tax implications.
Due diligence is essential when you are completing a commercial conveyance. The due diligence process ensures that all the applicable enquiries have been made to assure the buyer that they are making a sound investment. The due diligence process involves undertaking property and land searches, obtaining building and pest reports, local Council and other relevant searches, and a comprehensive review of any commercial or retail leases in place, and tenant conduct.
No two property transactions are the same, therefore Attwood Marshall Lawyers will always consider every transaction on its own unique circumstances to determine what needs to be investigated. We promise to thoroughly perform all searches and investigations and provide trusted advice to help you make an informed decision.
Commercial conveyancing generally involves:
- The buyer and seller obtaining independent legal advice and accounting advice as to the correct entity to appear on the contract.
- The buyer and seller obtaining independent legal advice regarding the terms and conditions within the contract, including any special conditions that they wish to include.
- Once the buyer and seller have agreed on the contract and negotiated the terms and conditions, both parties sign the contract and the critical dates are set.
- Once the contract becomes unconditional, both the buyer and seller begin preparing for settlement. At this stage, the buyer and seller (or their legal representatives) will organise the exchange of documents, calculation of settlement adjustments and the transfer of land in accordance with the title’s office requirements.