LayerSlider – Conveyancing 26Jan18 – Base

MKB Law has established one of the strongest specialist Commercial Property and Real Estate and legal teams in Belfast. We will supply the expertise and innovation required to maximise the value of your transactions and investments. Our extensive knowledge, obtained through years of business cycles and dealing with the commercial property and finance market, enables us to identify relevant issues and provide sophisticated advice.

We understand the commercial objectives of the owner, occupier and the investor. Our clients include large and small local businesses needing specialist properties, institutional investors, private equity funds, renewables operators, agri-businesses and small investors. Contact us today to find out how we can assist with your commercial property transaction.

Selling a Commercial Property

Acting on behalf of vendors, our Real Estate and Commercial Property Solicitors can advise on the appointment of professionals such as agents, valuers, surveyors, capital allowances and VAT specialists so you have the right team behind you from the start.

We will analyse details surrounding the property to pinpoint any potential issues, whether those are on title (covenants, access, user restrictions), within planning permissions or other consents, or practical issues that may impact upon the sale. We will then advise on how best to structure and present the sale to overcome or address these issues.

Your lawyer will carry out relevant property searches and help with providing replies to the standard commercial property enquiries so that a comprehensive title pack is delivered to the buyer. We will prepare a bespoke contract to reflect the agreed terms and provide a thorough analysis of all documents so that you are completely satisfied with all the terms.

On completion, we will make sure that any outstanding mortgages are discharged, income from the property and service charges are properly split, completion accounts are prepared and that the balance is transferred to you. Following completion and registration of the buyer’s title, we will provide you with transaction documents for your records and help with returns and accounting for the transaction.

Buying a Commercial Property

MKB Law’s Commercial Property and Real Estate team will support you throughout your commercial property transaction. We can advise on the appointment of professionals so that you have the right team to cover every aspect of the purchase.

We will carry out a detailed due diligence investigation, sourcing information for the seller, the title, public registers, searches and enquiries. If it is an investment property, you will want to understand the income stream, or if you are buying the property to occupy, then you will want to understand any legal or practical issues that might affect the day to day use of the property.

We have a thorough understanding of real estate finance and our banking lawyers are often borrower side and can advise in detail on facility agreements, security documents, third party security, hedging documents, priorities between multiple lenders, mezzanine finance etc. Real estate ownership and finance are two sides of the one coin and should be considered together.

On the construction side, we will make sure that you get the benefit of any warranties for the property from contractors, sub contractors, architects, engineers, designers and other professionals.

We will make sure that the property contract is tailored to your agreed purchase terms and will work with your funders to satisfy any remaining conditions and ensure the money is available for completion. The documents will be drawn up to transfer ownership, split any income, deal with service charges and insurance, transfer connected employees and generally complete the transaction.

Following completion, we will register your title and provide you with transaction documents for your records. This will help you with HMRC returns and accounting for the transaction.

Property Development

MKB Law has been involved in residential and commercial property development as part of our core business for many years. We represent the interests of all parties, including buyers, sellers, investors, tenants, occupiers and developers.

Examples of our commercial schemes include numerous hotels, factories, office blocks, retail and multi-use schemes. These are often complicated deals requiring our multi disciplinary expertise across real estate, law, construction, planning, S.76 Agreements, joint ventures, property finance and corporate law.

Our dedicated team for residential developments provide a sale solution to some of the largest property developers in Northern Ireland as well as ongoing assistance to smaller bespoke builders. We have a proven record of handling all aspects of complex acquisitions and disposals for residential and mixed-use developments, including large-scale regeneration and comprehensive development projects.

We provide solutions for all aspects of the development process; planning applications, construction contracts, collateral warranties, building leases and agreements, and portfolio management.

Commercial Property Leases

MKB Law offer specialist advice to both landlords and tenants concerning commercial property leases across a range of sectors. Both parties should seek legal advice before entering into an agreement as legislation and practical issues can be complicated.

Often an agreement for lease is needed before the lease is signed, this sets out any conditions that have to be dealt with before the lease is granted. These conditions often elate to construction of the property and how the tenant is to be protected against potential defects. We will assist with matters such as:

Acquisitions and disposals
Tenancy agreements
Latent and inherent defects
Construction warranties
Repair covenants
Rent Review conditions
Business Tenancies (NI) Order 1996
Lease terms, renewals and terminations
Property Management
Dilapidation issues

Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT) is normally payable on all commercial land and property transactions over £150,000 but in some circumstances it is payable from £1.00 upwards. We can provide sound advice in the area of tax planning for commercial property, find out more on our SDLT and Tax Planning page.

Why instruct MKB Law?

The Commercial Property and Real Estate Lawyers at MKB Law offer a comprehensive service for clients in Northern Ireland, Ireland and England & Wales. Our solicitors will take the time to get to know you and your business, applying a meticulous and direct approach. We take pride in our attention to detail when it comes to protecting our clients’ financial and commercial interests, supporting them to achieve the best outcome and reducing their exposure to risk and liability.

Contact our team today on: 028 9024 2450 or email us: info@mkblaw.co.uk 

Our Team

 

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Client Feedback

MKB Law’s Property team has guided Lagan Homes through many challenging property transactions. They have the ability to create simple solutions to complicated problems.

Conor Mulligan – Lagan Homes

Throughout our property transaction MKB Law gave us excellent professional advice by fully understanding our requirements. A number of ‘non-standard’ issues arose which they were able to steer us through in a clear manner and by remaining focused on our best interests, assisted us to a successful conclusion.

Barry Hobson – The Lost City

Contact Us

For more information or to arrange a consultation with a solicitor, please complete our contact form below
You can also call us on 
028 9024 2450 or email info@mkblaw.co.uk

 
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