Commercial real estate, closed with care.
Commercial deals carry risks a home purchase never does. Environmental liability, zoning, leases already in place, and HST that runs into six figures. Khan Law runs the full diligence and closes the transaction.
Book a 15 minute callDue diligence that protects the deal
Khan Law reviews title, zoning compliance, existing leases, work orders, and survey before the deal goes firm. On commercial property a single missed work order or non conforming use can cost many times the legal fee.
Environmental review
Many commercial closings need a Phase 1 environmental site assessment, and sometimes a Phase 2. Khan Law coordinates the consultant, reviews the report, and negotiates holdbacks or conditions when contamination risk appears.
HST and structure
HST at 13 percent usually applies to commercial real estate. A registered buyer can often self assess and defer the cash outlay. Khan Law confirms registration, files the election, and structures title for the holding company or numbered corporation.
Important considerations
- Confirm zoning matches your intended use before you waive conditions.
- Leases in place transfer to the buyer. Review every lease and estoppel certificate.
- HST treatment depends on registration status. Get it confirmed before closing.
Frequently asked
Do I pay HST on a commercial purchase?
Usually yes at 13 percent, but a registered buyer can often self assess and avoid paying it in cash at closing. Khan Law confirms the treatment for your purchase.
Do I need an environmental assessment?
Most lenders and prudent buyers require at least a Phase 1 assessment on commercial property. Khan Law arranges and reviews it.