Buying and Selling at Auction

Expert Legal Support for Auction Property Transactions

Buying or selling commercial property at auction can be a quick and effective way to complete a property transaction. However, it also comes with unique risks and legal complexities. At Lawson West Solicitors, we provide expert legal guidance to ensure your auction property transactions are handled with precision and care. Whether you are buying or selling, our experienced solicitors are here to support you every step of the way.

Legal Services for Buying Commercial Property at Auction

Purchasing commercial property at auction can be a lucrative opportunity, but it requires thorough preparation and understanding of the legal implications. Our team of solicitors offers comprehensive legal support to help you navigate the process successfully.

• Pre-Auction Due Diligence: Before bidding, it is crucial to understand the property's legal standing. We conduct extensive due diligence, reviewing the legal pack, title documents and any potential legal issues that could affect your purchase. This ensures you are fully aware of any risks before you commit to buying.

• Reviewing Auction Legal Packs: Auction legal packs contain essential documents such as the contract of sale, special conditions, and any leases or tenancies. Our solicitors carefully review these packs to identify any unusual terms or obligations that could impact your decision to bid.

• Post-Auction Legal Support: If you are the successful bidder, the auction process moves quickly as you will have exchanged contracts the moment you are successful. We help manage the completion of the sale within the standard 28-day period (though some set different timescales). Our solicitors ensure all legal requirements are met, and the transaction is completed smoothly and handle payments for Stamp Duty Land Tax and Land Registry applications to register your title.

Legal Services for Selling Commercial Property at Auction

Selling commercial property at auction can offer a fast and efficient route to achieving a sale, often within a fixed timeframe. Lawson West Solicitors provides legal support to help you prepare for and navigate the auction process effectively.

• Preparing Auction Legal Packs: We prepare comprehensive legal packs to provide potential buyers with all necessary information about your property. This includes the draft contract, title documents, special conditions of sale, and details of any tenancies or planning permissions.

• Drafting and Reviewing Contracts: Our solicitors draft clear and precise contracts that outline the terms of the sale, protecting your interests and reducing the likelihood of post-auction disputes. We ensure that all necessary legal disclosures are included in the contract.

• Auction Day Support: We coordinate with the auction house to ensure that everything runs smoothly on the day of the auction. Our team is available to address any last-minute legal issues or queries that may arise.

• Post-Auction Completion: Once the hammer falls, the sale is legally binding. We manage the completion process, including the transfer of title and the distribution of sale proceeds. Our solicitors ensure that all legal formalities are completed promptly, allowing you to focus on your next venture.

Why Choose Lawson West Solicitors for Auction Property Transactions?

• Specialist Knowledge: Our solicitors have extensive experience in handling auction property transactions, providing you with the expert advice needed to navigate the auction process confidently.

• Comprehensive Legal Support: From pre-auction due diligence to post-auction completion, we offer end-to-end legal services to ensure a seamless transaction.

• Personalised Service: We tailor our services to meet your specific needs, whether you are buying or selling. Our solicitors are dedicated to achieving the best possible outcome for you.

Contact Lawson West Solicitors for Auction Property Legal Advice

Are you considering buying or selling commercial property at auction? Contact Lawson West Solicitors today for expert legal support tailored to your needs.