Residential conveyancing and commercial conveyancing are similar, however commercial conveyancing is a much more in-depth process that requires giving careful consideration to additional issues that are not relevant to residential properties.
Commercial conveyancing involves:
Reviewing commercial or retail leases where applicable. The lease would have been negotiated between the tenant and landlord, and it is imperative that the buyer of the commercial property is aware of the terms of the lease and rights of the tenants;
Giving consideration to any restrictions surrounding the use of the land;
Due diligence to be undertaken;
Careful consideration to be given to tax implications.