Commercial Property & Planning
Whether you are just starting out, or looking to expand or sell your business, it is highly likely that you will require commercial property advice at some point.
Your business premises, whether it is an office, retail premises, hospitality or leisure premises, warehouse, or industrial site, will be vital to your success and growth. So, it is essential to get all the legal matters right when securing your premises.
Understanding your commercial property needs
It is our goal to learn about and understand your business and commercial property needs on a personal level. That will enable our team to customise and tailor our advice to serve the needs of your business. We make it a key part of our mission to help you understand and overcome unforeseen obstacles.
We can assist businesses with all their commercial property needs, including:
- Negotiating and drafting the terms of commercial leases and associated documentation, such as Licences for Alterations.
- Advising you on your responsibilities as a commercial landlord or tenant.
- Commercial property conveyancing – handling the sale and purchase of a commercial property.
- Advising on assignment and subletting if you find your business has outgrown its premises or it does not suit your commercial needs.
- Commercial mortgages and secured lending.
- Specialist advice for corporate trustees and beneficiaries.
- Specialist advice for directors about personal guarantees.
- Residential plot sales.
- New build freehold and leasehold advice.
- Overage and clawback.
- Option agreements and conditional contracts.
Extensive commercial property experience
Our commercial property team have extensive experience across a broad range of property matters including:
- Property purchases and sales
- Acting for landlords and tenants in the negotiation of commercial leases and licences
- Property development
- Fundraising and refinancing
- Liaising with our corporate colleagues on business transactions
Our commercial property offering focuses on timely delivery and value for money on all types of property transactions.
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We’re a team but we’re also proud of the individual people who work here. We’re confident you will find us approachable, understanding and experts in our field.
Commercial Legal Services
Commercial leases and ancillary documentation
We can draft, negotiate, and agree commercial leases for both landlord and tenant clients – together with ancillary documentation, such as Agreements for Lease, Licences for Alterations and Rent Deposit Deeds.
Your commercial lease will form the foundation of your relationship with your landlord or tenant, so it is essential to get all the details right. A well-drafted lease doesn’t just give you a clear outline of your rights and responsibilities, but it can also streamline your dealings with your landlord or tenant, saving you time and even helping you avoid disputes.
Our commercial lease solicitors will use our personal understanding of your business to negotiate and draft the strongest possible conditions for you. Making sure your legal interests are represented and protected.
Leasehold assignments and subletting
There are many reasons why you may need to leave your leasehold property. Whether you have outgrown your business premises, the costs are too much, or you are selling your business. A leasehold assignment or subletting could allow you to pass the lease to another third party.
We can advise both the landlord and tenant clients in respect of leasehold assignments (including drafting, negotiating, and agreeing ancillary documentation, such as Licences to Assign and Authorised Guarantee Agreements).
Our commercial leasehold solicitors can also advise on subletting; including negotiating and drafting Sublease Agreements.
Commercial tenants should be aware that they will likely need their landlord’s permission before assigning or subletting a lease. We can provide advice on negotiating consent and satisfying any relevant conditions.
Buying and selling commercial property
We can advise upon the acquisition and disposal of freehold and leasehold commercial property by charity, company, individual and organisational clients.
Our commercial property lawyers will handle every legal aspect of the transaction on your behalf, with expert advice on complex commercial property transactions, such as:
- Advice for charities and non-profits about buying and selling commercial property
- Buying and selling at auction
- Buying and selling development land
- Expanding property portfolios
We have handled transactions for a wide variety of commercial property types, including offices, retail premises, leisure & hospitality premises, warehouses, and industrial land.
Commercial mortgages and secured lending
Our commercial property lawyers can advise on the terms of commercial mortgages and secured lending facilities over freehold and leasehold commercial property for charity, company, individual and organisational clients. We also act solely for specialist financial institutions and lenders in the provision of such facilities.
Specialist advice for corporate trustees and beneficiaries
We can advise SASS/SIPP corporate trustees and their beneficiary clients in relation to the acquisition, disposal and leasing of freehold and leasehold commercial property which is currently or intended to be legally owned by the SASS/SIPP vehicle.
Specialist advice for directors about personal guarantees
Our Commercial Property team can advise company and organisational directors and individuals in respect of the terms of personal guarantees (and other security documentation) to support third-party secured banking and loan facilities to their companies.
We will ensure you are fully aware of the legal implications of providing a personal guarantee, including potential liability, should the business become insolvent. Advice will also be offered on the operative terms of the personal guarantees and the way the personal guarantee will apply to the wider commercial terms of the transaction it is designed to support.
Residential plot sales
Whether you have built a house or small estate on some previously open land or are an established developer working on your latest development of hundreds of properties, we can provide advice and guidance with regards to selling those properties, protecting the interest of both the buyers and the surrounding estate.
We advise builders and developers of all sizes upon plot sales within small-medium-sized residential developments, including drafting, negotiating, and agreeing ancillary contract packs and sale documentation.
New build freehold and leasehold advice
We can advise upon the acquisition by company, individual and organisational clients of new-build freehold and leasehold property.
Our commercial new build solicitors have experience handling the unique and sometimes complicated legal factors, which often affect this type of transaction; including access rights, public adoption of highways, drainage and public utilities and discharge of planning conditions.
Overage and clawback
Our commercial property solicitors can advise on the commercial terms of overage clawback agreements in respect of freehold and leasehold land, including drafting, negotiating, and agreeing the terms and conditions of the Overage Deed and ancillary documentation. We can also look at the operation of the mechanism to trigger any overage payments and alternative dispute resolution options where the parties cannot agree on a particular overage calculation.
With extensive experience handling these types of commercial property agreements, you can trust that your interests will be protected and that the obligations will be legally enforceable.
Option agreements and conditional contracts
Your business might find itself in a position whereby you want the comfort of knowing you are legally entitled to a new lease but don't want to commit until such time that you have secured planning permission for a change of use. Alternatively, you might be looking to acquire bare land upon which to build property, however, do not want to be committed to the purchase until planning permission has been granted to allow that construction.
Depending on the circumstances of what form of document is most appropriate in the transaction, we can advise on the commercial terms of both option agreements and conditional contracts (including drafting, negotiating, and agreeing the related ancillary documentation). Whether you want the contractual assurance that completion will occur within a set number of days from a particular trigger event or the flexibility to exercise an exclusive option over the land within a set timeframe, our specialist commercial solicitors will be able to assist with advising you on the most suitable approach.
Any other complex or unusual commercial conveyancing transaction
Our expert team can advise upon other complex or novel commercial and residential conveyancing transactions, requiring in-depth and tailored specialist advice.
Our commercial property fees
Our commercial property team is committed to assessing the needs and requirements of your business and the commercial property transaction at hand.
You will be offered a bespoke and comprehensive fee quote, comprising at least two different fee choices, each detailing precisely what is included within that option. This approach empowers you - the client - in deciding how you want us to charge for the work carried out.
Please feel free to get in touch today to discuss your commercial property needs and how Wosskow Brown Solicitors can help you.
Contact our commercial property solicitors in Sheffield and Barnsley
Contact our expert commercial property lawyers in Sheffield and Barnsley for all the advice you need to progress your transaction smoothly.
We have local offices across Sheffield on Attercliffe Road, in Gleadless and Hillsborough, plus an office in Barnsley.
Give us a call at your nearest branch or fill in our online enquiry form, and we’ll give you a call back as soon as possible.