Freehold Purchase Services
Freehold Purchase solicitors in Manchester
Our commercial property team have years of experience in dealing with a wide range of legal services in the commercial property sector whether it be a sole trader, partnership or a limited company looking to set up a premises or an investor building a property portfolio to let out.
The purchase of a commercial property can be complex and intimidating given the commercial implications arising from such a transaction, but our commercial property solicitors are well acquainted in a variety of aspects in regards to commercial conveyancing to provide legal advice with confidence.
Our solicitors will keep you constantly updated throughout the conveyancing stages and sort out the legal due diligence whilst you focus on your business.
If you purchase the freehold of a business then you own the property as well as the business.
Why should you buy the freehold of your commercial property?
- No rent reviews
- Commercial mortgage payments are likely to be cheaper than paying monthly rent.
- You own the land unlike a lease where you have the rights over a land for a set period of time.
- Degree of autonomy
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Yes, as rights and other covenants contained in your lease will still apply to the freehold once it has been acquired. This can be crucial as it may curtail your future plans to redevelop the property.
Once all the terms have been agreed, then the transfer of the freehold can be executed, and monies paid over. The transfer will be sent to the Land Registry for registration and at this point any stamp duty land tax will be paid. The Land Registry will then complete registration and your existing lease will be cancelled.
Solicitors you can trust
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