Are you a business involved in the purchase or sale of a property?
If you are a business and you are involved in the purchase or sale of a commercial property, we can certainly assist you with a matter like this. In New South Wales, Commercial Properties are can range from office buildings to shop fronts to large factories and everything in between. There are different challenges and issues related to each of these types of commercial purchases and sales.
Are you buying?
If you are a purchaser of a commercial property, you will need to navigate all of the issues of land tax, stamp duty, obtaining a mortgage from a bank and possibly giving a personal guarantee if you are the director of a company which is purchasing a business. You need to ensure that the contract has adequate provision for your needs with the property, that you have had a property inspection of the property and that there are no unusual or misleading aspects to the contract such as strange special conditions or omitted essential documents like a plan of the land or sewer service diagrams, a section 149 certificate or a title search on the property. These are simply the challenges which you can face when purchasing a property which does not involve strata title. If you are purchasing something involving strata title, you need to verify that the Section 109 certificates are in order and that the section 116 certificates are completed at settlement. We can assist you with all of these issues and it is necessary to have the assistance of a licensed professional for this.
Are you selling?
If you are selling a commercial property you need to navigate a series of other issues including the preparation of the contract, perhaps the invoicing of a GST sale, the obtaining of a s109 and section 149 certificate and many other issues related to the sale of property. You need to meet the obligations which you have under vendor disclosure obligations. Also, you need to obtain the title diagram, the sewer connection diagram, a title search, and some of the other documents which must must be included in a contract. We have a great deal of experience with contract preparation and would be happy to assist you with this.
Need to know more or if you are ready to discuss your individual situation, click here to contact North Sydney Lawyers?