Top tips: Our guide to buying land
If you are considering buying some land, but you are unsure of the process of the transaction we have a step-by-step guide to the process. At WSP Solicitors, we like...
Commercial Property Solicitors
At WSP Solicitors, our solicitors understand the needs and priorities of the tenants as well as the property agents and landlords.
Get familiar with responsibilities of a Landlord’s solicitor.
What should a tenant’s solicitor do? Although each transaction within the commercial property is unique, we do follow standard steps when acting for a tenant and these are summarised in the steps below:
At the start of each instruction we will require you to:
We will contact the landlord’s solicitors to:
Our role is to investigate the property and this is known as ‘due diligence’. We will review the draft lease and any ancillary documents.
A review of the draft lease will often initiate enquiries about the property, which we will raise the with landlord’s solicitors. The landlord’s solicitor will obtain the replies and we will consult with you at this stage with regards to any issues.
We generally recommend a number of searches are carried out on the property. These include:
If you wish, we can obtain an estimate of costs for these before searches are ordered.
Our role is to review the lease and any other ancillary papers in its draft form and where possible, make amendments to the wording in order to reduce/limit the tenant’s liability. Several emails and correspondence may be required in order to reach a compromise with the landlord’s solicitor.
Once we have completed our due diligence of the property and the negotiations of the documents, we will report on our investigations and provide you with the papers for signature.
Once we are holding the signed papers, and the landlord’s solicitors holds their papers, we will be able to complete. The completion of the lease (and any supplementary documents) takes place by both solicitors over the telephone. Once the documents are completed, we will advise you accordingly.
Following completion, we will send your signed document(s) to the landlord’s solicitors and where necessary, submit a return for Stamp Duty Land Tax and register the lease at the Land Registry. Once registered, we will let you know.
For expert landlord and tenant advice, please contact our local offices in Gloucester or Stroud today. If you have a quick question or would like to request a call back, you can also use our quick online enquiry form.
I have nothing but praise for all of the people I have dealt with over the years. Nothing has been too much trouble and I would have no hesitation in recommending them.P. Browne
A very thorough and professional company. Always found staff to be very approachable, helpful and very clear in their explanations of all options available to me. Would strongly recommend WSP.D. Maton
WSP is the one-stop superstore for all your legal requirements. It is staffed with friendly, professional and expert people who are a pleasure to deal with. As a long term user of the company I always recommend WSP to all of my friends based on my own happy experience.D. Wilkins
Contact our office
Get in touch