A well-managed commercial property disposal maximises your return and minimises your risk. We prepare your contract, manage disclosure obligations, and guide you to a clean, efficient settlement.
Book a ConsultationCommercial property sales involve disclosure obligations, GST considerations, existing tenant management, and complex finance adjustments that are not present in residential transactions. Getting the legal groundwork right from the outset protects your position and avoids costly disputes.
At LK William, we act for vendors in commercial disposals of all sizes — from single strata offices to large commercial assets — providing precise, experienced legal support through every stage of the sale process.
Vendor contract preparation with appropriate conditions and protections
Disclosure obligation compliance — existing encumbrances, tenancies, approvals
GST and tax structure advice for the disposal
Management of the conditions period and due diligence requests
Preparation of settlement adjustments and PEXA settlement
Post-settlement obligations management
From contract preparation to proceeds in hand.
We prepare a vendor-favourable contract with appropriate conditions, representations, and protections for your specific asset.
We manage the buyer's due diligence requests efficiently — providing required information while protecting sensitive commercial data.
We manage all conditions to the contract, ensuring the sale progresses to unconditional status without unnecessary delay.
We manage all settlement documents, adjustments, and releases — and ensure proceeds are correctly applied and received.
Commercial vendors must disclose known material defects and encumbrances affecting the property. Failure to disclose can expose you to claims from the buyer after settlement. We ensure all required disclosures are made accurately and completely.
If your property is tenanted, the buyer acquires it subject to the existing lease. Managing the relationship between the sale and your tenants — including notification obligations and rent adjustment at settlement — requires careful coordination.
Whether GST applies to your commercial property sale, and at what rate, depends on whether you are registered for GST, the nature of the property, and the availability of exemptions such as the going concern exemption. Getting this wrong can result in an unexpected GST liability.
Commercial vendors must disclose known encumbrances, registered interests, and material defects affecting the property. Unlike residential sales, there is no standard mandatory contract form for commercial sales — which means the specific disclosure obligations depend on the contract terms and the nature of the property. We ensure all required disclosures are made correctly.
Whether GST applies to your sale depends on your GST registration status, the nature of the property, and the availability of exemptions. The going concern exemption applies when a tenanted property is sold as a going concern and both parties are GST-registered. We advise on the correct GST treatment and ensure the contract is structured accordingly.
If a buyer defaults on a commercial property purchase, your rights depend on the contract terms. You may be entitled to terminate the contract, retain the deposit, and sue for any additional loss. We advise on your options and manage the process of protecting your position.
Book a confidential consultation with our team. No pressure, no legal jargon — just a clear conversation about your matter and how we can help.