Though they both deal with the transfer of property, the issues involved in commercial property law are very different to those associated with domestic property. In a domestic situation the legal process is fairly standard. Property solicitors are simply required to oversee the exchange of property from one owner to another. Though it may not seem so at the time, this process is relatively straightforward.
The commercial property arena is significantly different. The number and importance of the roles that commercial property solicitors are required to fulfil are a lot more varied. Firstly, the legal requirements that companies have are a lot more diverse. It is equally common for companies to want to buy, sell and lease buildings and land which are very different from those dealt with by domestic property solicitors.
Commercial property solicitors need to deal with anything from warehouse leases to agricultural purchases. This means that they must not only be familiar with the legal implications of the transactions they oversee, but also have a good understanding of the property requirements relevant to a number of different corporate sectors.
Another difference between commercial and domestic property exchanges is the importance of timing. In domestic property exchanges there is a lot of red tape which means that exchanges can take a long time to go through. In a commercial environment these delays could have huge financial implications. One very good reason to use specialist commercial solicitors is their ability to work to a deadline. Due to their experience in the particular field of commercial property law they will know the importance of completing a sale or lease contract on time. Additionally, their experience will enable them to utilise various methods to ensure that your deadlines are met.
As with most legal disciplines, using a specialist has many advantages. Compared to a non specialist solicitor, commercial property solicitors will be tuned into the specific needs of their clients. They will understand the importance of deadlines and communication. They will also understand the greatly amplified financial implications of any hold ups or problems for your business. As a result you are likely to receive a much better service as well as greatly improved results. If your company needs to buy rent or sell a property then you will want it done as quickly as possible, with the least amount of stress. You will also want the process managed by someone you can rely on. By far the best way to achieve this is by using professional commercial property solicitors.
