Commercial property law and residential property law are very different things. From the way in which each can be sold or passed on even through to whether or not squatters can use empty premises, understanding what is legal and what is not can be extremely confusing.
With regards to squatters, new laws have recently made it illegal for squatters to occupy residential buildings. However, the law as yet does not stretch to cover commercial property. Whilst this may never affect the majority of businesses, the fact that there is such disparity between the laws governing residential and commercial property in this area highlights just how open many companies may be to issues if they do not know and understand their legal rights.
This means that everything from investing in commercial property to maintaining and protecting it will be need very different focus than when looking at residential property. Furthermore, there are many different grey areas when it comes to commercial property and, as such, it is likely to be very important to have the right commercial property solicitors on side to help ensure you get the very best outcome in any commercial property dealings and don’t find others exploiting grey areas to get the better of you.
Knowing what your legal responsibilities are as the owner of commercial property is also very important and the right commercial law solicitor will also be able to ensure that you are fully informed about what you need to do and when. From ensuring the property is safe to knowing what your financial liabilities are right through to knowing what your actual rights will be when it comes to the likes of squatters, finding the right solicitor is likely to make the whole process far simpler, far cheaper and ensure that you understand all the rights that you have.
For more information please visit – www.poolealcock.co.uk/services/commercial
