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Legal Costs
These are the costs incurred by both a purchaser and vendor of
a property, or in connection with the sale or grant of a new
lease by a landlord and a tenant.
Such costs can include conveyancing fees, litigation advice,
counsel's opinion, stamp duty (controlled by the Exchequer),
local authority search fees, bank transfer fees and court
expenses, plus other disbursements and VAT.
Since Legislation is constantly being updated, it is advisable
to instruct a solicitor to assist in the preparation of all
sale contracts or lease documentation.
Fees will vary considerably but they are usually based on
between 3% to 7.5% of the first year's rental, depending on
the size, nature and complexity of the matter in hand.
Alternatively sale costs are usually based upon a percentage
of the sale/purchase price.
Specific legal advice or consultancy fees are usually based
upon an hourly rate of charge.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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| Global Office Search can provide
in-depth knowledge. |
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| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
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| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
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| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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| We make our recommendations
but you decide what happens next. |
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