July 20, 2018
A commercial property lawyer is a legal specialist who works within the field of commercial property legislation. This type of practice is one that covers the use and management of structures and land that are intended for business purposes. If a company has purchased any building or premises for commercial reasons and the generation of profit – i.e. as a site on which its headquarters will be positioned or a location for any additional outlet or base – then that business will be subject to commercial property law.
But what exactly does being a commercial property lawyer involve? If you run a business, it’s very important for you to be able to recognise when you might need the services of this particular type of legal professional. Prosperity Law is a well-established organisation specialising in legal matters including commercial property law. Read on to find out what they think you should know about this complex field.
What Type of Property Can Fall Under a Commercial Property Lawyer’s Remit?
Almost any property can be classified as commercial property if it is used for business purposes or is counted among a business’s assets. From warehouses to restaurants to pubs, bars, cafés, medical centres, offices, garages and almost any other money making premises you can think of, each and every one is subject to commercial property law. Any legal issues that may affect these buildings or areas of land are the specialism of a commercial property lawyer. If you own commercial property and require legal representation regarding anything connected with it, you’ll need to find a commercial property lawyer to advise and represent you.
How Can a Commercial Property Lawyer Help You?
There are many circumstances under which you may need a commercial property lawyer. These include:
- If you need to purchase or sell any land or property in connection with your business. A specialist lawyer will be able to offer you help and advice with this.
- If you are considering investing in further land with an eye to expanding your business.
- If you have been approached by external property investors.
- If you are interested in building new structures or extensions, add new facilities to your property or demolish parts of it.
- If your property is in some way connected to a residential property – for example, if you own a shop below a flat – and you need advice regarding what you legally can or cannot do in or with the building (i.e. noise restrictions, construction, refurbishment etc.)
- If you need any advice regarding funding, planning or overage agreements.
- If you have a disagreement with any tenants that may be renting all or part of your commercial premises.
- If you need assistance managing your business’s property portfolio or any licenses you may hold for your premises.
If you do not have a commercial property lawyer and you run into problems involving any of these issues, you could be penalised, fined or forced to close your premises or business indefinitely. This is why it’s so important to ensure that your company has a commercial property lawyer to assist and advise you and all managers and officers connected with your company.
How Much Does Commercial Property Law Assistance and Advice Cost?
If you’re interested in looking for a commercial property lawyer, you’ll naturally need to consider the costs involved. The amount you’ll be charged for this service depends on how many properties you own, the size and type of the premises, their complexity and what you will be using them for. It’s important to discuss the type of property you own, and its requirements, in depth with any legal advisor before you take them on board. This way, they will be able to price their services correctly, but also they will know exactly what kind of support and advice you will need, and how much.
If you require any more help or advice regarding commercial property law or the running of your business premises in accordance with correct legislation, all you need to do is to get in touch with Prosperity Law’s Manchester, Rochdale or Liverpool offices directly on 0161 667 3697, 01706 659 666 or 0151 958 0057 respectively, or email their main office today on info@prosperitylaw.com. Their offices are open between 9 am and 5.30 pm from Monday to Friday. The organisation also specialises in commercial litigation, corporate and commercial law, employment law, intellectual property law, media and entertainment law, sports law, transport law and taxation disputes, and represents individuals from all backgrounds, including high net worth clients.
