Business

Freehold Purchase

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.

Business Freehold

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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FAQ

Most frequent questions and answers

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

Client satisfaction is paramount to use so we appreciate your feedback as it allows us to continually improve the service we provide 

Austin Kemp
Austin Kemp
Company
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"Monarch Solicitors provide exceptional, skilled attorney who handles client's cases with compassion and understanding. I recommend her highly!"
Peter Istrate
Peter Istrate
Moxels Digital Agency
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"Shazda, not just that advised me for the best solution but she went beyond in advising for future needs that we may be having at our creative agency, so much that we decided to work with them exclusively. I highly recommend!"
Katie Sharp
Katie Sharp
Company
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"Used Monarch for a freehold Purchase. Excellent service was kept informed of the process. Always willing to have a chat if needed. Thanks in particular to Nasira for her help would definitely recommend"
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If you need legal advice, call our expert solicitors or fill in our enquiry form and we will get back to you as soon as possible.