Business Premises - Purchase or Sale
Attention to detail
At Stodarts, we act for both individuals and companies in the acquisition and sale of commercial premises whether that be retail, manufacturing, hot food takeaway, restaurant premises or office spaces. Our experience and thorough attention to detail will ensure that you are fully aware of any issues which may affect your ability to operate effectively from the premises such as environmental health issues or planning constraints before you commit to any purchase.
Keeping you Informed
You can expect regular updates throughout the process, and be directed by your solicitor as to when you should be taking further advice from specialist advisors such as tax advisors, planning officers, licensing boards and so on.
Business Interests
Where your property acquisition or sale includes the purchase or sale of a business, your solicitor will be on hand to discuss and advise you on the process, including the transfer of stock, client databases and goodwill as well as engaging specialist advisors to manage the transfer of any existing employees and their contracts.
• Seamless liaison with estate agents, surveyors and land agents
• Thorough attention to detail
• Ability to seek specialist advice where necessary
Business Purchase or Sale Enquiry
Business Premises - Lease
Protect your Interests
A Commercial Lease can be short term (between 1 – 5 years) or perhaps more long term (up to 20 years or more). Whether you are the Landlord or the proposed Tenant, at Stodarts we are able to advise you every step of the way, negotiating a Lease in terms which are fair and ensure that your interests are protected.
Subletting and Assignation
Our solicitors are also able to deal with subletting and assignation of existing leases, liaising and negotiating terms with the solicitors for the Landlords, existing tenants or new tenants to see the matter through to a satisfactory conclusion.
• Negotiate terms that best suit your needs
• Liaise with other professionals to guide matter through to completion
• Keeping you updated every step of the way
Business Premises Lease Enquiry
Housing Development
Whether you are an individual planning to develop a small section of land or garden ground for residential use, or a house builder developing a larger area of ground for multiple properties, Stodarts have the necessary skills and experience to deal with both the land acquisition, as well as any onward sale.
Our solicitors will be on hand to identify any potential difficulties, directing you to specialist advisors where necessary and will draft and implement rights for access, use of or laying of new services and Deeds of Conditions in addition to the standard missives and title deeds.
• Ensure that you have all necessary access rights and services rights to develop the land
• Advice on title and existing rights or burdens
• Liaison with specialist advisors where necessary
Housing Development Enquiry
Buy to Let - Purchase and Sale
Additional Considerations
Although a buy to let property purchase and sale process is similar to a standard residential purchase or sale, where you intend to let out the property you will require additional advice in relation to compliance with lender requirements, as well as compliance with any burdens in the title deeds. Where you are selling, you will also need to bring the tenancy to an end if it is to be sold without a sitting tenant, or include the tenancy as part of the sale.
Additional Dwelling Supplement
Stodarts will be able to advise you on any potential Additional Dwelling Supplement due by you to Revenue Scotland as a result of your buy to let purchase. Further information on this can also be found here.
Lender Requirements
Where you intend to put in place a buy to let mortgage, you will also require to comply with the lender’s requirements including registering as a Landlord with the Local Authority and restrictions on who can and cannot be your tenant. The title deeds will also require to be checked to ensure there are no conditions which prevent the property being let.
The Tenancy
Should you require, we can also provide you with advice regarding the tenancy itself, preparing and implementing a tenancy agreement should you require this. Alternatively, you may wish for Stodarts to bring your existing tenancy to an end. Our service can therefore be tailored to your specific needs.