Commercial Property for Residential Conveyancers
This full-day course is designed for residential conveyancers who want to expand their knowledge and skills by including commercial property transactions in their practice.
The course offers a comprehensive overview of the similarities and differences between residential and commercial property transactions, providing you with the necessary tools to manage each type of transaction effectively.
With a practical approach, you will have the opportunity to sit on both sides of the table, gaining insights into each party's perspective and learning how to manage your client's expectations appropriately.
Upon completion of this course, you will have acquired the knowledge and expertise to confidently navigate commercial property transactions, allowing you to provide a higher level of service to your clients and expand your professional capabilities.
- Introduction to Commercial Property
- Key differences between residential and commercial property transactions
- Client due diligence and enhanced client due diligence
- Identifying and clarifying client objectives
- Memorandum of Sale/Head of Terms
- Drafting a Commercial Lease/Transfer of Business Agreement
- Drafting a Lease/Deed of Assignment/License to Assign
- Understanding License to Assign/AGA/Rent Deposit Deed
- Commercial property searches and their importance
- Dealing with Commercial Property Enquiries (CPSE)
- How to compile a comprehensive report for the client
- Pre-exchange file review and its importance
- Pre-completion matters to consider
- Post-completion work, including registration and stamp duty.
Upon completing this course, you will have gained a thorough understanding of commercial property transactions, client due diligence, and how to draft relevant agreements and leases.
You will also be familiar with the commercial property search process, how to handle commercial property enquiries, and how to prepare and deliver a detailed report to clients.
You will understand the importance of an Authorized Guarantee Agreement (AGA) / Rent Deposit Deed and License to Assign and how best you can advise your client.
You should also be able to deal with a non-complex grant of a new lease, assignment of an existing lease, including transfer of business as a going concern.
Additionally, you will learn about pre-exchange file reviews, pre-completion matters, and post-completion work, allowing you to provide a high level of service to your clients and expand your professional capabilities.