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Part exchanges in commercial property involve exchanging parcels of land or interests as part of a deal, typically to combine sites for development or to settle a contract for sale and purchase. A solicitor handles drafting and negotiating the exchange of contracts, the disposition of part interests, and any necessary variations to leases or planning conditions. They prepare and review the requisite deeds, ensure title checks are complete, and coordinate with buyers, sellers, lenders, and local authorities to keep the transaction on track.
