Posts on May 2021

How is commercial conveyancing different from residential conveyancing

The transfer of a freehold commercial premises is very similar to a transfer of a residential premises. Where commercial conveyancing differs is that the conveyancer must have particular regard to GST clauses in the contract, and have a good understanding of retail leases to ensure that any lease the sale may be subject to was prepared correctly with guarantees and disclosure statements as applicable.

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What types of properties require commercial conveyancing?

Properties that are used to carry on a business and derive an income such as a retail shop, factory, or industrial warehouse are generally considered to be commercial properties. However, a mixed-use property such a house which as been used as a medical practice or accountants office may also be considered commercial and thus have GST implications that require special consideration.

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