When dealing with large scale or even small scale commercial properties, it’s imperative that you run all of the usual searches before a transaction goes ahead.
Accordingly, you place your order with your search provider on their online ordering platform and are given a set price to carry out this work. So, why do you then receive an email, phone call or additional invoice stating that the searches actually incur further costs?
This is due to the nature of commercial properties; each one is completely different! Unlike with residential properties, the standard fees set by both Local and Water Authorities more often than not incurs additional costs. So, when your search provider informs you that additional fees are required, you then have to present these unexpected fees to your own client, often delaying the process further.
So how come you weren’t quoted this price originally?
Well, accurate fees are usually only confirmed when the address and outlined plan have been submitted to the relevant authorities. There are set fees for the most basic of commercial properties or land, however it’s often the case that these authorities identify the property to comprise of one or more additional parcels which will most certainly incur additional fees.
This process clearly isn’t ideal when ordering commercial property searches, and as a result we have come up with a solution to overcome these issues.
We offer the simplest method for ordering commercial property searches; just email us your requirements along with a plan and we’ll get back to you with upfront costs and timescales before you decide whether to proceed.
Get a no obligation quote for your next commercial searches and compare our service, timescales and costs for yourselves. For more information email us at commercial@legalinx.co.uk or telephone 0800 975 8080.
This article was submitted to be published by Legalinx-7Side as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
