Residential and commercial conveyancing: what’s the difference?

Residential and commercial conveyancing_ what’s the difference__rsz

Barcan+Kirby’s conveyancing solicitors explain the difference between residential and commercial conveyancing

If you have ever bought or sold a house, you will be familiar with how residential conveyancing works. The process for buying or selling commercial property is similar, however, there are some key differences.

When transferring property from one owner to another, a solicitor or licensed conveyancer carries out all legal and administrative requirements to ensure the transaction is legally valid.

The residential conveyancing process has many steps such as searches, the exchange of contracts and the agreement of transfer deeds and a completion date. Once contracts are exchanged, both parties are legally committed.

Whilst residential conveyancing involves buying or selling a property for personal use, commercial conveyancing may include multiple properties and setting up or purchasing a business.

The beginning stages of a commercial transaction are much the same, except that enquiries are carried out through CPSEs (Commercial Property Standard Enquiries).

With commercial property, there may also be the need for a commercial lease. This is negotiated between the landlord and the buyer’s solicitors. The title is investigated and enquiries made via CPSEs.

Find out more or speak to our conveyancing solicitors in Bristol by calling 0117 325 2929 or visit barcankirby.co.uk.

Share this Post:

More Posts: