We understand how many moving pieces are involved in commercial property development, and that when legal issues occur it can mean lost money or even legal action.
It's important to carefully consider all the relevant legal issues ahead of time and, from flagging up hurdles to following processes. From site consideration through to the sale of a property, your project will require watertight legal agreements and contracts to ensure the successful development of your commercial asset. And that is where the services of a specialist property solicitor can be invaluable.
First4Lawyers have access to a team of commercial property solicitors who can offer you an unrivalled depth of expertise in this area. Contact us to find out how we can assist with the legal parts of your property development.
What are the legal aspects of commercial property development?
Whether you are developing an existing estate or your first property on a small site, you will encounter many situations that require legal expertise on commercial property law.
At the outset of a project, as a property developer you will be required to address issues such as covenants and title matters in the acquisition phase, as well as planning obligations and infrastructure agreements.
Legal experts can help set up inspections of land or buildings that are to be developed, and provide advice on the documentation required to proceed, as well as any permission that is required from local planning authorities.
Solicitors may be required to provide guidance on the potential use and effect of conditional agreements, including option, overage, clawback and pre-emption agreements. Furthermore, if you find yourself in a dispute over the terms of a contract, your solicitor will be able to advise on the best approach to resolving the dispute.
Some disputes can be resolved through direct negotiation, but others may require mediation, adjudication, arbitration or alternative dispute resolution – all of which your solicitor will be able to help you with.
What about legal problems after development has finished?
Following the completion of your property development, legal assistance can make the process of plot and unit disposal go as smoothly as possible, and your commercial property solicitor will also be able to help with the granting of any property lease agreements you require.
What are the legal aspects of construction in property development?
Once your solicitor has addressed the contractual matters, site assembly, and infrastructure agreements, they will be able to help you prepare and approve the project’s construction documents.
Whether you wish to create your building contracts to industry standards or your own bespoke specifications, your solicitor will be able to check that they are watertight and provide you with adequate protection.
You can also obtain legal advice on consultant appointments, collateral warranties, third party rights, performance bonds and parent company guarantees.
Should you find yourself in a dispute with a construction company over defective work or professional negligence, your commercial property solicitor will be able to provide you with guidance through the legal system and representation in court, should you require it.
I need legal assistance with commercial property development – what should I do?
The first step is to find a specialist solicitor whose technical skills and professional experience match closely with the type of project you are involved in.At First4Lawyers, we have a team of experts available to you, wherever you are in the property development process. Contact us for a no-obligation discussion.