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Commercial Property

Commercial PropertyCommercial Property

In order to give clients the best advice on the law applicable to commercial property and property finance, one requires a thorough understanding of a number of different aspects of law and also the knowledge on how best to structure such a transaction.

Commercial properties are often held in either privately owned companies or trusts.  As a result, a purchaser who is looking to acquire the property from the seller might look to acquire the shares in the property holding company, or merge his company with the seller’s company. Whilst the law pertaining to mergers and acquisitions is relatively straight forwards, there are a number of financial and practical issues that need to be considered by both parties.

Any agreement of sale in respect of immovable property needs to be in writing, and must be signed by both the seller and the purchaser. While the essentials of the sale agreement are simple, it is essential that both parties to the transaction obtain professional legal advice to limit their risk prior to becoming the owner of the property.

Ensuring that you have a good commercial lease agreement in place in respect of your commercial property will ensure that you are able to extract the most value out of your investment. As a tenant, we are able to give advice regarding potentially onerous terms in a lease agreement. As a landlord, we are able to give advice on how best to protect your commercial investment.

Recent articles

How the Property Practitioners Act Affects You as a Property Seller, Buyer, Landlord or Tenant from 1 February - The Property Practitioners Act (“PPA”) finally comes into effect on 1 February 2022. It has major ramifications for everyone involved in the property industry, but in this article we’ll concentrate only on aspects of particular importance to property sellers and buyers, and to landlords and tenants. The PPA’s full definition of “property practitioner” is long […]
Buying Property from a Company – Should You Buy the Shares or the House? - You find the house of your dreams, agree on the price and get ready to put pen to paper. The house is in the name of a company, and you are offered a choice – either buy the house out of the company or take over the company (which owns the house and nothing else) […]
Buying and Selling Property: Nine Important Questions - When you buy or sell your “Home Sweet Home”, particularly for the first time, the process can seem complicated, the terminology confusing, and the risks of making a costly mistake intimidating. You are after all dealing with quite possibly your most important asset! To help you navigate the process, as either seller or buyer, here […]
Before You Buy or Sell Property this Festive Season… - Our Festive Season is always a busy time for property sales, and this year should be no different – pent up demand, increased affordability, relocations, record low interest rates and availability of bonds are all factors likely to drive a busy property market for at least the next few months. If you are one of […]
Buying a Business? Make Sure the Seller Publishes Notice of the Sale - With our economy in trouble and the ongoing pandemic and lockdown damaging more and more businesses by the day, sales by distressed companies and traders are likely to rocket. If you are a prospective buyer here, be aware of one particular danger lurking in the wings for you. Follow this rule to protect yourself – […]