What's happening?
Commercial conveyancing covers the sale, purchase and transfer of business and investment properties, including offices, warehouses and industrial sites. These transactions often involve additional considerations compared to residential property, such as GST treatment, existing tenancies and due diligence on the business use of the site.
What could it mean for me?
- GST treatment can affect the structure and price of a commercial transaction
- Existing leases or tenancies need to be factored into the sale terms
- Zoning and permitted use can affect what the property may be used for
- Due diligence timeframes are often tighter in commercial deals
What are my options?
- Have the contract reviewed with attention to GST and tenancy clauses
- Arrange due diligence on zoning, permits and existing leases
- Negotiate settlement timing around any existing tenancy arrangements
What happens next?
- Review the contract and any lease documents
- Carry out due diligence on the property and its use
- Negotiate and finalise terms
- Exchange contracts
- Proceed to settlement
How can MGE Lawyers help?
MGE Lawyers assists business owners and investors with commercial conveyancing, working through contract terms and due diligence relevant to commercial property.