Sale and purchase agreements

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Sale and purchase agreements are essential legal documents that formalise the terms of a commercial property transaction.

Whether you are buying or selling, these agreements outline critical aspects, such as the purchase price, payment and deposit structure, completion date, any conditionality, and the obligations of both parties. A well-drafted agreement provides both clarity and protection, ensuring that the transaction proceeds smoothly and with minimal risk.

By carefully drafting and reviewing these contracts, the agreement ensures that both the buyer and seller are legally bound by the terms agreed upon during negotiations. This document is vital in preventing disputes and safeguarding your interests.

What is a sale and purchase agreement?

A sale and purchase agreement is a legally enforceable contract between a buyer and a seller that details all of the terms of the commercial property transaction. It includes key elements such as, the purchase price and payment terms, any conditions precedent (requirements that need to be met before the transaction can complete, for example, any financing or regulatory approvals) and obligations of both parties, including warranties provided by the seller regarding the condition of the property.

Once signed and exchanged, the agreement becomes legally binding, meaning any breach of these terms can lead to legal consequences.

Richard Hughes

Richard Hughes

Partner | Commercial property, Real estate, Real estate finance

020 3962 5855

Client case study – Major Group

“We’ve worked with Moore Barlow over several years, they’ve been very attentive to our needs. One of the things we appreciate the most is speed – they’ve been great at that”

Aman Singh, Major Group

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How we can help

We provide expert support throughout the entire process, ensuring your sale or purchase agreement meets all legal requirements and is aligned with your objectives.

Our services include drafting and reviewing agreements to ensure all terms are comprehensive, clear, and legally sound. We handle negotiations, protecting your interests when it comes to crucial aspects such as pricing, deposit conditions, and warranties. Additionally, our team will ensure that the contract is compliant with all of the relevant legal regulations, including planning permissions and zoning laws, so that no hidden surprises emerge after completion.

For completion, we manage the final steps of the transaction, ensuring that the transfer of ownership is executed smoothly and on time, with all contractual obligations met by both parties. We will also deal with any post completion formalities.

Who we help

We assist a wide range of clients, from individual property investors and developers to large corporations, institutional lenders, and commercial landlords. Whether you are buying new premises, selling part of your property portfolio, or involved in a large-scale development, we provide the expert legal advice needed to guide you through the process.

We support clients across various industries, including retail, hospitality, industrial, and healthcare, ensuring that the terms of your agreement reflect the specific needs of your sector.

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Why choose us

When it comes to sale and purchase agreements, having the right legal team can make a substantial difference. Here’s why clients choose to work with us:

Our team is highly experienced in handling both straightforward and complex commercial property transactions, offering legal expertise across a variety of sectors. We take a tailored approach, providing personalised advice that’s specific to your needs and circumstances, whether you’re dealing with a large portfolio sale or a single property acquisition.

You will benefit from our strong negotiation skills, ensuring that your interests are well-protected throughout discussions with the other party. We also pride ourselves on our meticulous attention to detail, reviewing every clause to avoid potential issues that could arise after completion.

Contact us

If you are involved in a commercial property transaction and need expert assistance with drafting or reviewing a sale and purchase agreement, we are here to help. Contact our team today to discuss how we can assist you in making sure your transaction is secure, efficient, and legally sound.

We are here to help

Discover how our expert property lawyers can help you.

Contact our commercial property team

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