Property

What we provide

We at Alastair Purdy LLP recognise that buying or selling a house or property can be a stressful time for many. To alleviate such concerns, our property team aims to guide our clients through each step of the process.

Our areas of expertise include

• Purchasing or selling residential property
• Purchasing or selling commercial property
• Voluntary transfers
• Residential and commercial leases
• Landlord and tenant law
• Property disputes

Steps involved in selling a selling or buying a property

1. If you are selling a house through an Auctioneer you need to make contact with them and agree terms and conditions upon which you are selling the property.     Once the purchaser has paid a deposit the Auctioneer will forward a Sales letter to your Solicitor and Purchasers Solicitors.
2. If your title documents to the property are with a Lending Institution your Solicitor will arrange for these to be drawn down.  Once these are drawn down your Solicitor will prepare Contracts and title which are sent over to the Purchasers Solicitor.
3. The Purchasers Solicitor may raise certain queries on the title furnished.  If there are no queries the Purchaser will sign the Contracts and furnish them to your Solicitor with a balance of the 10% deposit.  Only at this stage is there a binding contract in place.
4. Your Solicitor will return one Contract to the Purchasers Solicitors and thereafter a closing date will be arranged suitable to both parties.
5. If the sale is subject to a bank loan your Solicitor will pay the bank on your behalf out of the proceeds of the sale.  Once this has been acknowledge and receipted by the Bank  you will then receive the balance purchase monies left over.

Investing in commercial property, whether as a private individual or institution, entails significant financial commitments and potential risks. Our firm understands the importance of meticulous due diligence in every transaction to safeguard your interests.

Our Services

With over 20 years of experience, we offer comprehensive legal services tailored to your commercial property needs, including:

Acquisitions and Purchases: Facilitating the sale and purchase of both business and residential
premises, encompassing freehold and leasehold transactions.

Lease Negotiations: Drafting, negotiating, and finalizing commercial lease agreements, business sale contracts, and property transfers to protect your rights.

Secured Lending Guidance: Providing legal counsel and support for secured lending arrangements related to commercial property acquisitions.

Due Diligence Management: Conducting thorough due diligence on titles, searches, access rights, environmental assessments, and engineering reports to identify potential risks and liabilities.

Lease Structuring: Advising on long- and short-term lease agreements, stamp duty implications, landlord and tenant obligations, and registration processes.

Property Access and Service Issues: Addressing access and service concerns from a legal perspective to ensure compliance and mitigate risks.

Rent Review Services: Assisting in the creation of rent review clauses and resolving disputes regarding proposed increases.

Contact Us

For expert legal advice on commercial property matters or any other legal concerns, please contact our office today. Let us assist you in finding practical solutions that meet your needs.