Commercial Property Conveyancing & Commercial Lease Conveyancing Melbourne
Whether buying, developing, selling or leasing commercial property, Tick Box Conveyancing has the expertise and experience to help you through the commercial conveyancing process.
With over eight decades of combined conveyancing experience within our firm, we bring a tried and tested process to assisting our wealth of commercial clients with all things commercial property, whether you are buying or selling.
We provide sophisticated, but simple-to-understand, advice to all our commercial conveyancing clients who are buying properties in commercial real estate.
We can assist with advice and guidance on the following matters and legal documents when it comes to commercial conveyancing:
- Purchasing commercial property
- Selling commercial property
- Leasing commercial property (Retail leases v Commercial leases)
- Treatment of Tax, including GST, Capital Gains, Margins Scheme and Land Tax (in consultation with your accountant)
- Going concerns
- Zoning queries
- Lodgment of plan of subdivisions
- Subject to Lease transactions
- Vacant possession transactions
Tick Box Conveyancing understands the pain points of commercial clients and we bring years of experience to the table to help them navigate all commercial property transactions.
We assist our clients from the time they make a decision to engage a conveyancer thrugh the settlement process.
We have great experience servicing sophisticated commercial clients with multiple commercial assets, ensuring clear communication across several different matters and liaising directly with our clients’ network of trusted advisers to ensure we and our client receives clear and consistent communication across the board.
This helps ensure a seamless commercial conveyancing experience for our clients.
Our pre-purchase advice ensures the commercial property you are considering is suitable for your intended purposes and will ensure that you get the complete picture of the property and the proposed transaction.
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, before our commercial conveyancing services see the deal through to settlement.
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.
Looking to sell your commercial property? Tick Box Conveyancing can help you prepare for sale by producing a quality contract of sale and correct and thorough section 32 statement which covers all your disclosure requirements and in all protect your rights until settlement and beyond.
Tick Box can also assist with all commercial leases, ownership structures and much more.
Read on to learn more about how Tick Box Conveyancing can assist you with your commercial property transactions.
Commercial Conveyancing for Purchasers
If you are in the market for a commercial property, it pays to have an experienced conveyancer on hand to help and assist you with all your pre-purchase conveyancing needs and advice.
When buying commercial property, the legal term caveat emptor comes to mind.
That’s legal jargon for buyer beware.
And when it comes to commercial property, there are a lot of factors to consider.
What sort of businesses can the property house?
Is the purchase subject to a lease? What are the terms of that lease?
How will the way you structure the purchase mean for you from a tax perspective?
Seeking advice before you put pen to paper or even submit an offer is crucial to ensuring you understand the contract you could be about to enter into and the property you are potentially purchasing.
Tick Box Conveyancing offers a sophisticated understanding of GST, leases and much more, meaning we can provide in-depth – but easy to understand – guidance and advice to commercial property purchasers, whether you are buying your first or your 10th commercial property.
When purchasing commercial property, you want an experienced conveyancer who will help you understand:
- Treatment of GST on the purchase
- Any leases that are subject to your potential purchase
- Whatever red flags that might exist
All of this – and more – is covered in Tick Box Conveyancing’s pre-purchase report.
Tick Box Conveyancing’s pre-purchase contract report will ensure all relevant searches are conducted and the contract of sale is thoroughly reviewed to give you a thorough, plain-English breakdown of the contract of sale for the property you are hoping to purchase.
Our report will shine a light on any special conditions in the contract and will tell you about any covenants or easements on the title and how they might affect what you can or can’t do with the property.
We will liaise with you, your accountants and other trusted advisers to ensure we understand your intentions for the property and the structure with which you intend to purchase to ensure our pre-purchase report includes guidance on tax and GST implications as well as whether or not the property is suitable for your end-goal intentions.
This is particularly important when purchasing commercial property because it is crucial to us that our clients understand any restrictions, covenants or encumbrances that may be prohibitive to their ability to use or change the property to fit their wishes.
Common things to look out for when purchasing commercial property include:
- unfair special conditions and default clauses
- restrictions on property use
- finance conditions
- settlement terms
- vacant possession v subject to lease
- outgoings including proportional land tax versus single holding land tax
- special levies, orders, building permits, final approvals, and warranty insurance
- owners’ corporation
- title encumbrances, including restrictive covenants and easements (registered and unregistered)
- works in surrounding areas
- treatment of GST
In the process of negotiating for the property, Tick Box can represent you in seeking alterations to the proposed contract or any of the conditions contained within it.
Advocacy and Settlement Preparation
Beyond providing advice, Tick Box Conveyancing actively advocates on your behalf during negotiations. They can propose alterations to the contract or conditions, ensuring they align with your interests and objectives. And, upon successful purchase, they ensure a smooth path to settlement, keeping you informed and prepared for all key milestones.
This comprehensive approach by Tick Box Conveyancing not only empowers you with the necessary knowledge but also ensures that your commercial property acquisition aligns with your business goals, legal requirements, and financial strategies.
Commercial Conveyancing for Sellers (Vendors)
If you are selling a commercial property, there are a range of factors you want to be across.
At Tick Box Conveyancing assisting commercial clients with the sale of commercial property goes far beyond simply preparing a contract of sale and section 32 statement (aka Vendors Statement).
We can provide sophisticated assistance with regards to tax, including:
- Capital Gains Tax and
- Land Tax
We work with your accountant and/or other professional advisers to ensure you completely understand the tax implications of your sale so there are no nasty surprises come settlement day.
Beyond that, we of course assist with the preparation of high-quality contracts of sale.
Tick Box Conveyancing is the conveyancer of choice for commercial real estate agents across Melbourne when it comes to referring clients to a conveyancer for preparing the necessary sale documents that put the vendor in the best possible position, whilst also fulfilling all legal obligations and disclosure requirements.
We work with our clients to prepare contracts and section 32 statements that will result in as few questions or negotiations as possible and help to facilitate a quicker sales process.
Each contract is built with the vendor’s specific needs in mind. After all, selling your commercial property is not something you want a cookie-cutter solution for.
Tick Box takes instructions directly from vendors or any duly appointed person/attorney.
Our quick turnover time never comes at the cost of thoroughness, which makes us a favourite amongst some of Melbourne’s biggest commercial real estate agents wanting to take advantage of any off-market opportunities to close a quick sale.
Whether you are a vendor looking to sell your established home or a commercial real estate agent looking to partner with a conveyancer you can rely on for reliable and thoroughly prepared sale documents, Tick Box Conveyancing should be the conveyancer member of your “dream team of service providers” that can be of service to you.
Frequently Asked Questions
Q1: What is Commercial Conveyancing?
A: Commercial conveyancing refers to the legal process involved in buying, selling, or leasing commercial properties. It involves various legal tasks, including contract review, negotiations, property searches, and ensuring compliance with commercial property laws.
Q2: Why Do I Need a Conveyancer for Commercial Property Transactions?
A: A conveyancer provides expert legal advice, ensures compliance with real estate laws, conducts necessary searches, reviews contracts, and assists in negotiations. Their expertise is crucial for navigating the complexities of commercial property transactions.
Q3: How Does Commercial Conveyancing Differ from Residential?
A: Commercial conveyancing often involves more complex legal and financial considerations than residential conveyancing. It requires a deeper understanding of commercial property law, business leases, zoning laws, and tax implications.
Q4: What Are Key Considerations in Commercial Conveyancing?
A: Key considerations include the property’s suitability for your business, lease terms, tax implications, zoning restrictions, and potential encumbrances on the property. It’s also important to consider financing terms and any special conditions in the contract.
Q5: Can a Conveyancer Help with Lease Agreements?
A: Yes, conveyancers can assist with creating, reviewing, and negotiating lease agreements for commercial properties, ensuring they align with your interests and legal requirements.
Q6: What is the Role of a Conveyancer in Negotiating Commercial Property Contracts?
A: A conveyancer reviews and negotiates contract terms on your behalf, suggests amendments, and ensures the contract aligns with your interests. They can also advocate for you in discussions with sellers or leasing parties.
Q7: What Does a Pre-Purchase Report Include?
A: A pre-purchase report includes a thorough review of the property’s contract of sale, highlighting any legal issues, special conditions, covenants, easements, and zoning restrictions. It also provides advice on tax implications and the property’s suitability for your purposes.
Q8: How Long Does the Commercial Conveyancing Process Take?
A: The timeline can vary depending on the complexity of the transaction, contract negotiations, and property searches. Typically, it can take several weeks to several months from the initial agreement to settlement.
Q9: Are There Any Specific Risks in Commercial Conveyancing?
A: Specific risks include zoning issues, lease complications, unexpected tax liabilities, and potential disputes over property boundaries or usage rights. A conveyancer helps mitigate these risks through thorough due diligence.
Q10: Can a Conveyancer Assist with Post-Purchase Matters?
A: Yes, conveyancers can assist with post-purchase matters, including lease management, ongoing compliance with property laws, and addressing any issues that arise post-settlement.
Tick Box Conveyancing
Tick Box stands out from the crowd because of our vast experience in the industry.
Our principal, Martin Galea, boasts over 35 years of conveyancing and property law experience to our firm alone.
He served as the Vice President of the Australian Institute of Conveyancing Victoria branch, sat on the advisory committee which played a vital role in the development of the Conveyancing diploma run by RMIT, and was the first ever appointed Statutory Manager by Consumer Affairs Victoria.
Martin has also sat on the State Revenue Office consultative council, representing Victorian conveyancers.
Martin is joined by a team of experienced conveyancers and advisers who will help make your home conveyancing experience a happy one.
That’s the experience you want on your side of the equation.
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