Why do you need Commercial Property Solicitors for Successful Property Deals?

Whether you are buying or selling property, having commercial conveyancing solicitors in your corner is a definite plus for the simple reason that it becomes easier to navigate the complexities of the law and stay compliant. But that’s not the only reason. Partnering with a solicitors’ firm like Walsh and Partners  has many more benefits. It can be your key to unlocking successful property deals.

Expertise

Think about it. Even within the arena of the property market, you may be a buyer, a seller, or a property management agency, and you would accordingly focus on buying, selling, or closing deals. When there is this much categorisation within a single market, naturally, you cannot be expected to master the various acts and regulations be it property law or any other law for that matter. Traversing the unchartered area of business law, zoning law, tax regulations, privacy compliance such as GDPR, and more, is challenging and you run the risk of non-compliance if you try to do it alone. The best thing to do, therefore, is to team up with a firm of business conveyancing solicitors. These firms have experts onboard for each area of law they service. Often, you’ll come across a solicitor with expertise in the nuances of a single act. So, onboarding a firm of property solicitors will not only help you navigate the legal landscape, but they will also point out any pitfalls along the way and help you correct course.

One Stop Shop

Independent commercial real estate solicitors who deal in property law also deal with a large number of property agents and real estate agencies. However, they are focused solely on property law. Rather than engaging a solicitor who deals only in ownership rights and tenancy regulations, you would be well advised to onboard a firm that specializes in diverse areas of law including land tenure code, will probate and succession, business law, and more so that you have everything covered by the same law firm, reducing the hassle of running from one office to the other and disambiguating the advice given. A real estate solicitors’ firm like Walsh and Partners will help you through every step beginning with the search for commercial property suited for your needs, right through negotiations, up to signing the final deed.

Drawing up and Understanding Contracts

Contracts and deeds form the basis of every property deal whether it is commercial property or residential property. They are also the mainstay of any business. When dealing with commercial property, title and ownership of property are not your only concerns. It is also important to understand the terms of a lease deed, your rights as an owner, and more. On boarding qualified business conveyancing solicitors ahead of time can save you a lot of grief.

Tracking Compliance

Buyers or sellers of commercial property or residential property, need to know the current regulations and norms so that they can fulfil them. The Property Services Regulatory Authority (PSRA) regulates the property market in Ireland. As a property dealer, if you want to service your clients well, it is important to know the compliance responsibilities and assist clients in fulfilling them. But it can be hard to keep up with the changing laws. Commercial real estate solicitors have real estate laws, acts, and section numbers at the tips of their fingers. Working with a solicitors’ firm like Walsh and Partners will not only help you with property compliance but compliance in other business areas such as Planning Administrative Law, and Licensing Law too.

Dispute Resolution

When dealing in real estate, disputes often crop up, quickly turning lucrative deals sour. The best way to avoid this is to resolve these disputes quickly. Whether it is an internal dispute about a residential or commercial property or a dispute between loyalist groups like environmentalists and advocates of sustainability, your best bet is to seek help from a firm of solicitors who can help you understand the law, reconcile your differences, and arrive at a mutually acceptable resolution.

Negotiation

When negotiating the price of commercial property, knowing the law and regulatory requirements can sometimes be a distinct advantage. For instance, knowing that you will have to pay a flat 7.5% of the sale price of commercial property as stamp duty in the whole of Ireland, can help you determine your budget for the purchase of property in Dublin. You can then negotiate accordingly. With a commercial property solicitor by your side to feed you such tit-bits of information, you can surely negotiate the price of your commercial property better.

Your Interests Protected

Walsh and Partners, your very own commercial conveyancing solicitors are here to help you with the sale or purchase of property in Cork, Dublin, and Midleton.