Commercial Property Development and Estate Setup
Our Commercial Property experts has a wealth of experience in advising Developers on all aspects of commercial property development including the purchase of the land, setting up how the development will operate and either selling or leasing parts of the development to other parties.
We have acted on many different types and sizes of development and believe we offer excellent legal and commercial advice to developers.
Purchase of the Land
Please click on the link “Sales and Purchases” for information on Land Purchases.
We will work with you to decide what is the best set up for your Development. With our advice, and that of your surveyor, you may decide that you want to either; sell each Unit, grant a long Lease for a price (known as a premium) or grant a short term lease where the tenant pays an annual rent for the use of the premises – see Leases for more information.
It does not matter which method you choose, we have the expertise to set up the Estate. We will advise on areas such as:
- Collateral Warranties for the buildings
- Section 106 Agreements
- Road adoptions
- Sewer adoptions
- Advice on contracts with Builders
- Service Charges - who pays for maintenance of the Estate?
- Future Liabilities of you as Developer
Selling or Leasing your Development
Once the Estate is set up we will act on your behalf in either the selling or leasing of the properties on your Development.