The Commercial Property Law Team at Meaby&Co aims to empower you to deal with the process with confidence and dignity.
Our Commercial Property department is headed by Partner Chris Sarsfield.
Chris is a Managing Partner at Meaby&Co with huge experience and expertise in commercial property.
Meaby&Co Commercial Property Law
Meaby&Co has been giving expert advise to clients on property transactions since it first opened its doors back in 1848.
During that time we have developed unrivalled expertise in all aspects of commercial property law.
The experience built up by our well-respected property department means we our superbly placed to advise and guide our clients; from first time business owners acquiring their first office or shop to buyers looking to purchase multi-million pound commercial developments.
Our team provides timely advice to find you the best and most cost-efficient solution.
You may have bought a property jointly with another co-owner and when circumstances change, you may want to sell your interest in the property or buy out the co-owners share. This type of transaction is known as a Transfer of Equity. A common scenario may be where a property is originally purchased with a family member. For instance, brother A and brother B may own a property which they purchased with a mortgage and which they hold as tenants in common in equal shares.
Further to our previous blog posts on Stamp Duty Land Tax (“SDLT”), it is worth bearing in mind that SDLT falls due on the date that the purchase contract is substantially performed. Deemed substantial performance of the contract will differ in each transaction and will turn on the facts. Persuasive factors include whether any part of the purchase price (generally 90% of more) or any rent has been paid or if the buyer has gone in to possession.
Commercial tenants taking a lease of premises should not forget that Stamp Duty Land Tax (”SDLT”) may be payable. The SDLT is calculated on, what is known as, the Net Present Value (“NPV”) of the rent payable over the term of the lease. The minimum threshold for commercial leases is £150,000. For leases of commercial or mixed property, the SDLT rate is 1% for excess NPV up to £5 million and 2% when the NPV exceeds £5 million.
I cannot recommend varsha vasani and the rest of the staff @ Meaby&co highly enough.Fantastic attentive professional service bespoke springs to mind.Helped and guided us to a dream house sale made and made it easy.Have to say they are well worth contacting and they won't disappoint.Thanks once again.
We highly recommend Varsha Varsani at the Camberwell branch of Meaby & Co as a conveyancing solicitor. She handled everything with the utmost care and was very reliable, thorough and helpful throughout the whole process. We felt completely relaxed that she would ensure that every detail/issue would be covered in a timely fashion. Thank you!
Alireza at Meaby & Co acted for me on my recent leasehold flat purchase. I had a great experience - there was good communication throughout and Alireza was very patient explaining anything that I found unclear. I found them to be very thorough and felt like I was in safe hands.
Meaby & Co negotiated an extension to my leasehold for a period of 99 years. This proved to be a challenging task which involved statutory notices, two housing tribunal applications and an application to the County Court.Meaby provided excellent legal services. Their representatives Nicky Cleightonhills and Beth Rose are both outstanding. There professional legal knowledge and application supported by good communication is of the highest quality. I would highly recommend their legal services.
I've just completed on the purchase of my home. Alireza @ Meaby & Co. Looked after the sale and purchase of my properties in these past 6 months. He and this company was recommended to me by my sister. I must say, I was not disappointed. From start to finish Alireza has always been reachable and responsive and remained calm even when I was losing the plot with the opposite sides solicitors. I appreciated his professionalism and guidance over the past 6 months and I can't thank him enough for getting me through it. He was always clear on what needed to be done. I count myself as an amateur in this property selling and buying circle, but I never felt like this was a problem. This is where Alireza and Meaby and Co. show their worth they guide you through till the end. I would highly recommend this company to all those who need solicitors who know what they are doing and keep the process moving. Thank you Alireza.
Very satisfied with the helpful and professional service I have received from Meabys Solicitors when undertaking what proved to be the quite difficult and challenging process of extending my lease in 2021. Thank you Meabys!
My partner and I want to thank Varsha for all of her support throughout the process of purchasing our property in London. She was excellent! Varsha was quick to respond, very thorough and easy to talk to. The purchase was complete in a relatively short period of time and we could see by the email communication with the sellers' solicitor (and comparing the speed at which issues were addressed) that it was Varsha that facilitated this with her responsiveness and professionalism. I felt like she had all of the answers to our questions and we never experienced any kind of unnecessary delay. I would definitely recommend! Thank you again Varsha!
I would highly recommend Alireza at Meaby & Co. He was brilliant throughout a sale not going, our first attempt at a purchase, and through purchase of our first property. He gave us excellent advice throughout the process, which he guided and advised us through. He was always happy to reply when we had any questions, even when we would ring multiple times a day. This was a great help to us and provided us with relief on multiple occasions. He always had our interests at the forefront of his mind and was incredibly throughout. Thank you Alireza.
Thank you Beth, Chloe and Nicky for all the thoughtfulness and support that you provided, above and beyond the professional and speedy process of managing the remortgaging of my flat and buying my new home.
Meaby&Co is authorised and regulated by the Solicitor’s Regulation Authority (SRA Number 447880) and registered in England and Wales with registered number OC322672 at 2 Camberwell Church St, London, SE5 8QY.