Property : Commercial Property
You may be considering buying or selling commercial or industrial premises or land, or entering into or granting a Lease of business premises. Commercial property transactions can give rise to issues and concerns of a different nature to those that attach to residential property dealings.
Certain elements of the Government’s Home Information Pack regime, which in the main relates to residential properties, have now been imported into the commercial property sector and accordingly impact upon dealings with commercial property.
Environmental law considerations can be more acute when industrial sites are involved and commercial land property transactions invariably give rise to VAT and other taxation issues. Very often the legal entitlement for the land to benefit from service supplies (gas, electricity, water, drainage etc) is more questionable when non residential property is concerned and appropriate planning authorisation cannot always be taken for granted.
Leases relating to industrial, commercial or business premises are always lengthy works containing a myriad of complexities and pitfalls. Carrick Read can offer valuable advice in connection with any intended or current negotiations and also deal with all and any documentation production.
