Commercial Property for Beginners - 6 Essential Modules

Introduction

Presented by Hannah Mackinlay, this 6-part modular webinar series for commercial property support staff will look at the key concepts and provide practical advice for paralegals, assistants and those new to commercial property.

What You Will Learn

This modular webinar series will cover the following:

Module 1 - What Is Commercial Property?

Though similar to residential, there are key differences:

• Types of transaction involved - leases, purchases
• Different contract - key differences
• Different enquiries - the CPSE
• Searches
• More complex titles
• More tax issues - VAT, SDLT & capital allowances
• More complex physical, planning and infrastructure issues

Module 2 - The Process

• AML
• Searches
• The CPSE enquiries
• Environmental
• EPC
• Contract
• Completion
• Lenders - often separately represented
• Companies House registration

Module 3 - Planning Law & Infrastructure

The planning position is often more complex with commercial property; this module will look at:

• Basic structure of planning law
• S.106 Agreement
• Road and sewer adoption
• Enforcement of planning breaches
• The use classes & permitted development

Module 4 - Property Development

Much of commercial property involves development of land for sale as dwellings or commercial office/industrial/warehousing. This module will explain the basic concepts behind:

• Options
• Conditional contracts
• Overage
• Land promotion agreements
• Auctions

Module 5 - Commercial Leases

• The code for commercial leases
• Structure of a rack rent lease
• The key issues - demised premises, rights granted, repairing obligations, insurance obligations, break clauses
• Control over assignments and underlettings
• Security of tenure

Module 6 - Key Tax Issues

This module will give an overview of the key tax issues, rarely applicable to residential property:

• VAT
• SDLT
• Capital allowances

This webinar was recorded on 7th December 2022