Hiring a real estate solicitor could make it tremendously easy for you to manage your commercial properties and make sure that your income isn’t affected. If you own a series of commercial properties and are willing to sell them off or give them up for rent, it’s important that you have a commercial solicitor in your team of advisors. A commercial solicitor is a professional who deals with all sorts of legal problems related to managing, selling, or purchasing properties. If you don’t have a commercial solicitor by your side, you could easily find yourself caught up in a web of legal issues.
Hiring a commercial solicitor is not difficult either; you can do a bit of research online and talk to a few people to find out about a reputable commercial solicitor in London. You can find out from other property owners about different solicitors in the industry and then set an appointment with them to discuss your needs. Here are just some of the many reasons why you should consider hiring a commercial solicitor.
Freehold Land Purchase or Sale
One of the most popular services offered by most commercial solicitors is related to the purchase and sale of freehold land. If you are looking to buy a building, or any kind of land anywhere in the country, you should first discuss it with your commercial solicitor. He or she will find the records of ownership maintained by the lands and will confirm whether the property is owned by the seller or not. If there are any discrepancies in the legal ownership documents, your commercial solicitor will let you know beforehand, thus giving you some leverage when it comes to negotiating with the seller.
Financing Commercial Properties
If you are interested in investing money in any commercial property, you might be in need of adequate financing. If you are looking to lease commercial properties on financing from a bank, your commercial solicitor will draw up the legal agreements and will get you the best possible deal in the region.
Whether you are a tenant or a landlord, one of the main reasons why you should hire a commercial solicitor is because he or she will provide fantastic occupational services. For instance, the solicitor will carry out rent reviews and let you know whether affordable property is available or not and will also guide you about lease renewals and extensions. Whether you want to surrender leasehold interests or wish to get a license for alterations, it is important that you first get in touch with a commercial solicitor. These are just some of the major reasons why it’s important for you to hire a commercial solicitor and how it can help you in the long run.