We need solicitors whether we are buying a house or buying a commercial property in Chelmsford City. Each of these property types has their own pros and cons. Getting each of these properties, you need the help of property lawyers such as solicitors or licensed conveyancers. Buying commercial property needs more care as the property has a high price and could have more than one buyer waiting on the list. While residential properties required less concentration, solicitors wouldn’t take much time to get the house you want in the UK. Read about the different aspects of home conveyancing in both cases of buying commercial properties and residential properties.
Hire Chelmsford solicitor for house buying: Commercial vs Residential
Today, you will learn a few differences between residential conveyancing and commercial conveyancing. Before we get into details, let’s talk about the definition of both the residential properties and commercial properties.
Residential properties are strictly used for housing or living of families or any group of people living together. These include leasehold properties and freehold properties. Also, there are different types of residential properties such as standalone or detached houses, semi-detached building, bungalow, or terrace properties. People can use them for their own living or they can give them on lease to other UK residents.
There are different types of commercial buildings such as office building, hotels, commercial stores, shopping malls, etc.
In some towns, people might find combined buildings that are used both for commercial as well as housing purposes. Such as a living apartment on the 2nd floor and a store on the first floor.
Conveyancing Residential properties in Chelmsford
Buying homes for a living is an easy to do thing for solicitors. They will take two to three weeks to wind up the entire deal. The home buying deal usually goes in two steps, i.e. signing draft contracts and sign and exchange of documents between buyers and sellers.
Conveyancing Commercial Properties in the Chelmsford
Buying commercial property is very much similar to that of residential property. There are some extra searches that solicitor will do on the behalf of the buyer.
The solicitor will check the title of the commercial property, i.e. whether the property is titled to the seller who is buying the property.
- CPSE 1
It is designed to cover search for all types of properties such as freehold, leasehold, vacant, or tenanted properties
- CPSE 2
It is only covers tenant based properties
- CPSE 3
Where the lease grant is applicable
- CPSE 4
It is the search for leasehold based properties
- CPSE 5
Where the lease of a property is being surrendered
It is very important that a property lawyer search the building for zoning rules and restriction. If the building comes under restricted zone, you should not buy such buildings.
Building Structural Surveys
Building survey helps find any fault in the structure of the build and the attached appliances to the building of the property.
It is the search that help buyer understand the health and safety issue of the environment surrounding the building. Safe environment is very important for the people who will work in the building.
Mining search finds any kind of hazard in the land of the commercial building. If there is any issue with the land of the building, Proper measures should be taken to avoid any kind of hazards from the property land.
Conveyancing of commercial building is almost similar to that of residential building. You can hire a Chelmsford solicitor for house buying skills, he/she will help you buy your dream house in the UK. For more information, you can visit our website.