COMMERCIAL PROPERTY SALE
Commercial Property Sale
Commercial sales require attention to the property, ownership structure, and negotiated terms. We provide legal support tailored to the transaction.
Review the transaction documents
Provide the agreement, corporate ownership details, leases, financing documents, and relevant property records. The required review depends on the transaction and retainer.
Coordinate completion
We identify the legal closing requirements and work with the other professionals involved. Tax, accounting, and other specialist matters may require separate advice.
Commercial terms and property use
A commercial sale should address the land and any other interests or assets included in the deal. The agreement may require conditions, document delivery, allocation of price, and specific closing obligations.
Identify the intended use
Permitted use, access, services, and development plans can affect the transaction. Planning, environmental, technical, and tax advice may be needed alongside legal review.
Leases, income, and due diligence
Occupied premises can require review of leases, amendments, deposits, arrears, options, and notices. Buyers and lenders may also seek information about the property’s condition and legal interests.
Organize the records
Provide the lease package, ownership details, title information, financing arrangements, and relevant property documents. Missing records can affect the timetable and the contractual allocation of risk.
Financing and completion requirements
Commercial closing can involve corporate authority, secured borrowing, releases, adjustments, and detailed deliverables. The parties should understand what must be provided before funds and title are exchanged.
Coordinate the professionals
Identify the lender, accountant, broker, and other advisors involved. We discuss the retainer and the legal work needed to support the agreed transaction.
Prepare a commercial due-diligence package
Commercial records should be reviewed against the conditions and representations in the agreement. Identify which documents are unavailable and which issues need specialist investigation. We discuss the legal requirements while coordinating with business, tax, environmental, and technical advisors as appropriate.
Documents to prepare
- Agreement, schedules, and closing deliverables
- Leases, amendments, deposits, and tenant notices
- Corporate authority and secured borrowing records
- Available surveys and relevant property reports
Let’s discuss your next step
Contact Maki Law for practical guidance on your property transaction or construction matter.
416-991-4775 · contact@maki.law
136A Avenue Rd, Toronto, Ontario M5R 2H6
MAKI LAW
Address
136A Avenue Rd
Toronto, Ontario M5R 2H6
Contact
416-991-4775
Fax: 416-981-3420
contact@maki.law
Service Areas
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General information only. Contact our office for advice about your circumstances.