COMMERCIAL PROPERTY FEES
Whether you are buying or selling a commercial property, renewing a lease, having Landlord & Tennant disputes, or anything else relating to commercial property our team of experts are here to help.
Some of the work undertaken in this area of law will be charged on a time-spent basis charged at rates according to the level of staff involved. The rates charged by our Commercial Property Team range from £225 to £400 plus VAT per hour. Where it is possible for some transactions, we may charge a fixed fee, which is kept under review during the transaction.
At the outset of a matter, we will provide you with our best estimate of the likely fees involved and we will keep you updated as to any changes in our estimate as the matter progresses.
Furthermore, there are a number of additional costs that you should expect to have to pay, which are referred to below.
Disbursements
In addition to our fees there are other costs required to complete your matter that are payable to third parties. To ensure a smooth process we settle these “disbursements” on your behalf.
The following are the usual disbursements you can expect.
|
Disbursement |
Selling, Purchasing, Both |
Usual Cost |
|
Stamp Duty Land Tax |
Purchasing |
Please refer to SDLT calculator |
|
Land Registry fee |
Purchasing |
Please refer to HMLR website |
|
Search fees |
Purchasing |
£200 - £650 |
|
Electronic transmission of money |
Both |
£35 plus VAT per transmission |
|
Managing Agents packs |
Sale (leasehold) |
Usually from £80 - £600 |
|
Estate Agents fees |
Sale |
Refer to your Agent |
We will include an estimate of the disbursements relevant to your transaction when we provide our detailed quote to you.
The Hourly Fees that our solicitors charge is based upon their seniority and experience:
Gerard Le Cain - £400 p/h
Hannah Collins - £325 p/h
Jayshree Pankhania - £300 p/h
Claudia Cuffaro - £225 p/h
VAT will be added at 20%
