Here is some commercial property general information. What to keep in mind is below, but contact us before you sign anything and we can read through your documentation.
Buying
From shops to office space we can assist. We can review your contract prior to you signing it so you have peace of mind.
There are a lot of factors that must be considered when entering into a commercial sale contract.
Some of the things to keep in mind are:
• Is the property currently leased?
• Is there a body corporate to consider?
• who pays for outgoings such as rates and water?
• Is the property zoned correctly?
• Is the building class correct?
Let our team of solicitors ensure that your transaction goes smoothly.
Selling
If you are selling your warehouse, a mixed commercial location or an office we can help you through the process.
• Do you need to assign a lease for a tenant?
• Do you need approval from a body corporate?
• Are your outgoings paid or outstanding?
• Is the property zoned correctly?
• Do any operational documents or contracts require inclusion with the contract?
• Is the building class correct?
There are a lot of factors that must be considered when preparing a commercial sale contract.
Let our team of solicitors ensure that your transaction goes smoothly.
Buying or Selling a Business?
If you are buying or selling a business but not the actually real property, that is the building the business operates from, we can also assist.
We have helped business owners realize there business value and transition the enterprise to new owners. From small businesses such as take away shops and cafes, retail outlets, to franchise operations and substantial entities.
Things to consider when you are either buying or selling a business include:
• Is there a lease associated with the business and do you need the landlord’s consent to operate?
• Is the lease a commercial lease, a Commercial Tenancy Agreement or a Retail Shop Lease?
• What outgoings, such as water, rates or site fees you pay as a tenant?
• Are there any Personal Property Security Registry (PPSR) entries that need to be removed or transferred?
• Are there any equipment hire purchase or leasing agreements that need to be dealt with?
• What staff are staying or which may be leaving?
• What leave entitlements need to be accounted for?
• What equipment is included?
• What supply agreements need to be transferred or cancelled?
• Do you have the correct licences to operate such as a liquor or food licence?
• Is business in a zone that allows for its operation?
