Commercial Purchase / Sale

At Open Door Legal we treat every Commercial Contract as distinctly individual.

We understand that there may be secondary issues at stake that are more complex and not covered by simply looking at the contract from a conveyancing or property law perspective. We understand that aspects of taxation law, business and commercial law and the law on trusts and power of attorney may be involved. As such we aim to keep these items in mind while acting on your behalf.

In respect to a commercial purchase our service includes:

• Reviewing and advising on the Contract for Sale in respect to Restraint of trade, Special Conditions, Goods and Services Tax implications for the Purchaser, Goodwill, and if applicable possible plant, equipment and stock in respect to purchase.
• Amending the Contract for Sale by negotiating the special conditions directly with the vendor
• Help you decide and obtain appropriate pre-purchase searches and inspections to satisfy your due diligence
• Attending to exchange of Contracts
• Arranging the payment of stamp duty
• Preparing settlement figures and ensuring proper adjustments are made in relation to rent, council fees, water rates and strata levies
• Liaising with the lender in relation to settlement (if applicable)
• Attending to settlement

In respect to a commercial sale our service includes:

• Preparing the Contract for Sale while carefully considering Restraint of Trade, Special conditions that fit with the commercial sale profile, Goods and Services Tax implications for the vendor, Goodwill, , and if applicable possible plant, equipment and stock in respect to sale.
• Liaising with the agent in relation to the sale.
• Taking instructions in respect to proposed amendments to the drafted special conditions in the Contract.
• Attending to exchange of Contracts.
• Liaising with the outgoing mortgagee in relation to the discharge of finance and settlement (if applicable).
• Checking settlement figures and ensuring proper adjustments are made in relation to rent, council fees, water rates and strata levies.
• Preparing cheque directions in accordance with instructions
• Attending to settlement

We aim to provide you with the comprehensive legal advice you need. For your convenience we are happy to come to you and discuss your needs today. Give us a call to find out how we can help you in respect to your commercial property dealings.