11 minutes | Saturday, 4 November 2023
In the Legal Hour for November Michelle McQuillan, who is Head of Commercial Property and a Senior Associate Solicitor at Oliver & Co Solicitors, spoke to Darren Antrobus on Dee's Morning Show..
Michelle talked about a wide range of transactions involving commercial property, such as buying, selling, refinancing or lease matters.
What is commercial property?
A building or land that houses a business, generates income for a business or is used in any form of business activity.
Examples include:
Highstreet shops or shops and retail premises within a shopping centre or on a retail park.
Office space – Solicitors, Accountants, Banks
Industrial warehouses or showrooms
Property used for personal services such as beauticians or barbers/hairdressers
Medical practices for Doctors, Dentists and other healthcare providers
Any property owned or occupied by a charity, local authority or government body
Agricultural or Farm Land and forestry
Buildings used in hospitality – Hotels, BnB’s, pubs, cinemas, car garages, holiday lets
Types of clients
Geographically located throughout England and Wales
Sole traders
Partnerships
Limited companies
Pension schemes
Charities – faith organisations, community groups or any charity that has a property transaction
Developers
Lenders
Individuals with a buy to let portfolio – investment portfolios
Types of transactions
Buying, selling, refinancing (high street or independent bridging finance) commercial property.
Negotiating commercial leases whether acting for landlord or tenant
Negotiating terms for other business lease/Landlord and Tenant transactions
Development work – acquiring land for development on conditional contracts and negotiating terms for exclusivity agreements, pre-emption agreements, options and overage agreements.
Land and agricultural matters – whether sale and purchase, lettings, farming tenancies and grazing agreements.
Transactions on behalf of charities – sales, purchases, leases
Investment property transactions on behalf of private pension schemes
#ChestersDeeRadio #legalhour
You can find out more here:
https://www.oliverandco.co.uk/services-for-businesses/commercial-property/