Sales and Purchases

Our commercial property team are regularly instructed to act in commercial property matters relating to both acquisition and disposal. Whatever the nature of the land or property transaction, we will ensure it is handled by an experienced commercial property solicitor from the outset to completion.Whether you have a portfolio of properties or are a new commercial property investor, we can provide expert legal guidance together with commercial awareness.

Our team provide legal advice on all types of commercial property transactions including:

  • Property portfolio acquisitions and disposals;
  • Acquisition of development sites for commercial use;
  • Buying sites for industrial use;
  • Buying land for residential use including HMO and Buy to Let;
  • Purchasing a site for retail use,
  • Purchasing brownfield sites (such as former petrol stations).

We act in all types of situations such as:

  • Sale with a tenant in occupation;
  • Sale with vacant possession;
  • Purchase in the name of an individual to lease to that individual’s company;
  • Purchase by a limited company or a SIPP for its own use;

Contracts

Oakwood Property Solicitors can deal with a variety of contracts that might need to be used in commercial conveyancing. These can include anything from a straightforward sale and purchase contracts to a conditional contract which may be dependent on planning permission being obtained.We can also deal with the following type of contractual matters:

  • Agreements for lease
  • Contract for sale subject to leases
  • Coverage and Clawback
  • Development contracts

Easements

An easement is a right benefiting one piece of land over another piece of land. Probably the most commonly used easement is one that allows the underground services (water, drainage, gas, electricity, telephone and TV cables, etc) of one property to pass beneath the land of one or more neighbouring properties.
Perhaps the most widely known easement is the private right of way. There are others, such as the right to light, right of support. Oakwood Property Solicitors can assist with drafting the easements and also to varying or extinguishing them.

Mortgages

Commercial mortgages are not standardised in the way they are for residential mortgages. We can assist you in finding an expert in this field to obtain the correct product for your specific needs.

Site Acquisition

Site acquisition involves obtaining land for development purposes on behalf of an individual or a company. We can assist with purchasing the property and ensuring that any covenants or conditions on the land will not prevent you from carrying out your intended development.

Stamp Duty Land Tax (SDLT)

SDLT may be payable on purchases and other transfers of property or land. Most property transactions must be reported to HM Revenue & Customs (HMRC) even if SDLT is not payable. SDLT for both commercial and residential property is charged on the purchase price. It is calculated on the proportion of a property’s value in each tax band. When you buy a leasehold property, you pay SDLT on both the lease purchase price and on the value of any annual rent payable.There are higher rates of SDLT which apply where a person is purchasing an additional residential property or ‘second home’ – such as a holiday home or buy-to-let investment. The rate of SDLT will be three percentage points above the rates for residential properties.

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