As anyone who has ever bought or leased a property will testify, it can be a complicated business. Trying to find a place in the right location which offers the best value without any obstruction is extremely time-consuming and creates frustration when things don’t go exactly to plan. Whether it’s an individual or family looking for the right place or a business, it is important to get it right.
The issues can arise for many reasons, some of which are because those looking to make money from the deal might do so in ways that those without experience are likely to spot, which will cost them financially later. Businesses, whether leasing or buying are advised to contact a commercial solicitor who will provide the best advice whenever any of these 5 issues crop up.
- Lawyers in this field know exactly how to deal with regulations and legal principles, using their vast experience to protect the interests of their clients. Carrying out due diligence is extremely important and is something that a normal layman wouldn’t know where to start with. A conveyancing team certainly does as they identify any physical issues as well as anything regarding legal or financial matters affecting a contract when purchasing.
- Those looking to lease are just as reliant on a commercial solicitor if they wish to protect their finances and interests. This is done by reviewing any contracts so that the arrangements are fair and transparent, with nothing being hidden away, which could cause later issues. A client will be made aware of their responsibilities and rights according to Australian law, while the solicitor can act as a mediator in any disputes, maybe even offering advice to an owner or leaseholder when an accident occurs in the property.
- There might be occasions when a business has bought a property, and their success sees them wishing to extend it in some way. This can be costly if planning is not calculated properly with the involvement of a law expert, who will understand any issues relating to zoning rules and how to go about making a successful application which will meet with compliance.
- Those involved in property management can also benefit from the expertise of a solicitor so that they follow health and safety regulations to the letter of the law and carry out any required maintenance and repairs to not break the terms of a contract while assisting with insurance issues. All of which is as beneficial as identifying tax deductions for commercial properties.
- When there are disputes between two parties with the threat of litigation even possible, then it is essential to have a solicitor onboard. They will be able to offer the best ways of finding an amicable solution so that a case does not go to court, which can be both lengthy and costly.
A commercial solicitor is the first person a business should contact if they are involved in anything relating to property which involves legalities so that they are advised properly.
