MKB Law’s Commercial Property and Real Estate team will support you throughout your commercial property transaction. With our wide range of contacts and associations, 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.