Overview
Commercial property transaction contracts are similar to residential ones, but they’re not identical. There are key differences purchasers and sellers should be aware of and our team is here to guide you through these nuances.
Lawyers For Commercial Sales & Purchases
Commercial property transactions
We offer comprehensive legal assistance for both purchasing and selling commercial properties. Our services include undertaking legal due diligence, reviewing service contracts and leases, drafting the contract of sale with any special conditions required, liaising with stakeholders regarding conditions, performing and reviewing property searches, calculating settlement statements, stamping transfer documents, and attending settlement.
While contracts for commercial property transactions may resemble residential ones, key differences often lie in the “Special Conditions”.
These special conditions could include:
- Obligations related to property searches
- Preconditions for Foreign Investment Review Board (FIRB) approval
- Subject to environmental inspections
- Lease and sub-lease obligations
- Specific settlement terms
- Improvements on the property
In any commercial property sale or purchase, the contract must be thoroughly prepared, and advice regarding its content must be provided before execution. Our team at NB Property has the knowledge and experience to deliver tailored advice to ensure a smooth transaction.
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We offer a comprehensive service across all aspects of property law. From buying your dream home to selling a commercial office block, we're here to identify potential issues before they escalate and negotiate on your behalf throughout the transaction. Talk to our experienced team at NB Property Law to find out how we can help.
