If you are in the market for commercial property, Tick Box Conveyancing’s strong network of commercial agents will help you find the perfect property for you, our commercial lease conveyancing services will ensure your rights are protected and that you receive the best deal.
Our ability to review and create leasing documents for retail and commercial leases means we can be an ongoing ally for you in your commercial property journey.
When it comes to leasing commercial property, conveyancers have a few key roles. Firstly, we can help you to understand and review the lease agreement. It is important to have a clear understanding of what you are agreeing to before signing on the dotted line. Your commercial lease conveyancer can also assist with negotiating the terms of the lease, such as the length of the lease and the rental amount.
Once you have found the perfect property and signed the lease, Your conveyancer can also help with the transfer of the lease into your name. This process is called ‘stamping’ and involves lodgement of the lease with Land Victoria.
In this article, we look at how Tick Box Conveyancing works with commercial property owners across Victoria to assist them with leasing their properties.
Understanding The Structure of Commercial Property Ownership
One of the first things we do at Tick Box Conveyancing when assisting our clients with their commercial property leasing requirements is to understand the ownership structure of the property (or properties) in question.
If we assisted with the purchase of the property, we will already know this, but if the client has come to us post-settlement, then this is a very important first step.
We need to understand how the property is held to ensure that all leasing documents are drafted accordingly.
Some common examples of ownership structures for commercial property include:
- Individual
- Partnership
- Company
- Trust
- Self-Managed Super Fund
Each ownership structure has its own complexities and you should consult your accountant and financial advisers to seek out the best option for you.
Once we understand the ownership structure of the commercial property we can carefully take the next steps.
Understanding The Permitted Use of the Commercial Property
As a leading commercial lease conveyancer in Melbourne, Tick Box Conveyancing goes above and beyond to conduct all relevant title searches and ensure our team has a firm understanding of how the commercial property can be used.
This helps ensure that any restrictions with respect to the use of the property are enshrined in the leasing agreement.
Sometimes people want to use land or property for a certain thing, but they can’t. This is because there are rules about what you can do with the land and how the property can be used. To figure out these rules, you need to know what zoning your property has.
This advice is also useful to the leasing agent our clients work with to get the property rented.
They will be able to ensure that any prospective tenant’s intended use of the property is permissible.
Consulting with the client to understand the terms they want in their lease agreement
Every landlord is different.
Some of our clients have plans to sell the property and wish to do so with vacant possession.
This might mean that they want any lease of the property to be short-term in nature.
Others might be looking for long term leases and as such will want a longer-initial term and perhaps even a roll-over condition that will see the initial term repeated if agreed to by the tenant.
There may also be conditions that the landlord would like around the percentage by which rent will increase year-on-year.
At Tick Box Conveyancing, we see this consultation as perhaps the most crucial step in delivering leasing agreements that are fit for purpose for our clients.
Consultation, not only with our clients but with their advisers, is central to everything we do to ensure we can deliver the best possible outcome for our clients.
Working with Tick Box for all your commercial lease conveyancing needs
At Tick Box Conveyancing, we love working with commercial property owners.
We see ourselves as a long-term ally of those who purchase, invest in and sell commercial property, adding value over the lifetime of your acquisition, ownership and sale of these properties.
Whether you are an avid commercial property investor or someone looking to make your first play in the commercial property market, Tick Box Conveyancing’s team of expert conveyancers is here to help.
With a unique understanding of commercial property, we are sure to be able to assist with all your needs in this space.
Contact us today for an obligation-free phone call about your commercial property needs.
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