Best Commercial Real Estate Lawyers in Colombo

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Dhammika Ranasinghe
Colombo, Sri Lanka

Founded in 1995
50 people in their team
Sinhala
English
Tamil
Experienced Partner with a demonstrated history of working in the legal services industry. Skilled in Securities, Corporate Law, Corporate Governance, Legal Research, Compliance and Foreign Investment. Strong entrepreneurship professional with a Attorney At Law of the Supreme Court of Sri Lanka...
Chambers Colombo
Colombo, Sri Lanka

Founded in 1995
50 people in their team
Sinhala
Tamil
English
We at ChambersThe legal world is constantly changing and becoming ever more competitive and demanding .We at Chambers believe, that we are well placed to meet these demands. We constantly strive to provide innovative and creative solutions to difficult and complex legal and commercial problems. Our...
DIMEAN LAW CHAMBERS
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
DIMEAN is a premier law firm based in Colombo, Sri Lanka. We aim to provide a personalized service tailored to the specific requirements of our clients. Our attorneys aim to provide innovative legal solutions in various disciplines.DIMEAN is established by a blend of young...
Layards and Stuart
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
Tamil
English
Who we are and how we workLayards & Stuart is a law firm based in Colombo, Sri Lanka providing quality legal advice, solutions and representation to both local and international corporate clients. Our experience in cross-border and emerging economies gives us the market perspective to be your...
de Livera Associates
Colombo, Sri Lanka

Founded in 1872
200 people in their team
Sinhala
English
Tamil
HISTORY & LEGAL INSPIRATIONThe Firm of De Livera Associates was founded, by Solomon Christoffel Obeyesekere De Livera, popularly known as Christo De Livera, on his retirement from the Attorney Generalโ€™s Department of Sri Lanka, having served for a period of about three decades and who on his...
Gregory's Partners
Colombo, Sri Lanka

Founded in 1970
200 people in their team
Sinhala
English
Tamil
AboutThe Sri Lankan economy and therefore its legal system has traditionally been influenced by the islandโ€™s colonial past. Thus, the legal profession in Sri Lanka was traditionally divided into two fractions based on functionality influenced by a similar divide in the English Legal system.The...
Premier Legal Consultants
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
Premier Legal Consultants is a law firm established in Sri Lanka. Our team of lawyers are committed in providing high quality and timely legal services to our clients. We provide a range of legal services for both local and international clients.Premier Legal Consultants is a law firm established...
Neelakandan & Neelakandan
Colombo, Sri Lanka

Founded in 1962
200 people in their team
Sinhala
English
Neelakandan & Neelakandan (formerly Murugesu & Neelakandan) is one of the leading and oldest full-service law firms in Sri Lanka and has been in practice for almost 60 years.The Firm was founded in 1962 by the late Mr. Velupillai Murugesu, and built to be recognised as one of the most...
Invictus Law
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
Invictus Law is a modern and progressive law firm providing a comprehensive range of legal services and solutions for both domestic and international clients.We pride ourselves in providing timely, practical & commercially sensible solutions to our clients and we specialize in multiple fields...
Continental Law AssocIates
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
ABOUT USEstablished in the year 2000, we take pride in our nearly two decades long legal practice providing feasible solutions to the legal needs of clients in a multitude of areas. The firm has had hands on experience, specializing in Commercial Law, Local and International Arbitration, Civil Law...
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About Commercial Real Estate Law in Colombo, Sri Lanka

Commercial real estate refers to properties used for business purposes, such as office buildings, retail spaces, industrial complexes, and hotels. Colombo, the capital city of Sri Lanka, is a hub for commercial real estate and offers numerous opportunities for businesses.

Why You May Need a Lawyer

Engaging in commercial real estate transactions can be complex and involve significant financial investments. It is advisable to seek legal advice in the following situations:

  • Buying or selling commercial property
  • Drafting or reviewing lease agreements
  • Negotiating contracts or agreements related to commercial real estate
  • Resolving disputes or disagreements with tenants, landlords, or other parties
  • Understanding zoning and land use regulations

Local Laws Overview

When dealing with commercial real estate in Colombo, it's important to be aware of the following key aspects of local laws:

  • The Land Development Ordinance provides regulations for land use, development, and planning
  • The Apartment Ownership Law governs the ownership and management of commercial properties divided into separate units
  • The Rent Act provides regulations for tenancy agreements, rent increases, and dispute resolution
  • Foreign ownership of commercial real estate is subject to specific regulations and restrictions

Frequently Asked Questions

1. Can foreigners purchase commercial real estate in Colombo?

Yes, foreigners are allowed to purchase commercial real estate in Colombo but are subject to certain restrictions and regulations. It is advised to consult with a lawyer familiar with the applicable laws.

2. What taxes or fees are involved in commercial real estate transactions?

Commercial real estate transactions may involve various taxes, including stamp duty, value-added tax (VAT), and capital gains tax. Additionally, registration fees and legal fees may apply. A lawyer can help you understand and navigate the tax implications.

3. What is the process for evicting a commercial tenant?

In Sri Lanka, the process for evicting a commercial tenant is governed by the Rent Act. It is important to follow the legal procedures outlined in the act and seek legal assistance to ensure a smooth eviction process.

4. Are there any specific zoning restrictions for commercial properties in Colombo?

Yes, Colombo has zoning regulations that specify the permitted uses of commercial properties in different zones. It is essential to familiarize yourself with the applicable zoning restrictions before engaging in any commercial real estate activities.

5. What legal protections are available for commercial tenants?

Commercial tenants in Colombo are protected by the Rent Act, which outlines their rights and responsibilities. The act covers aspects such as rent increases, lease agreements, and dispute resolution. Consulting with a lawyer can help tenants understand and enforce their legal protections.

Additional Resources

For further information and assistance, you may find the following resources helpful:

  • Colombo Municipal Council (www.colombo.mc.gov.lk) - The official website of the Colombo Municipal Council provides information on local regulations and permits.
  • Sri Lanka Bar Association (www.barexam.lk) - The Sri Lanka Bar Association can provide referrals to qualified lawyers specializing in commercial real estate law.
  • Board of Investment of Sri Lanka (www.investsrilanka.com) - The Board of Investment can offer guidance on investment opportunities and regulations for foreign investors in commercial real estate.

Next Steps

If you require legal assistance in commercial real estate in Colombo, Sri Lanka, your next steps should be:

  1. Identify your specific legal needs, such as buying property, lease agreements, or dispute resolution.
  2. Research and contact reputable lawyers or law firms with expertise in commercial real estate law in Colombo.
  3. Schedule consultations with potential lawyers to discuss your situation and determine the best course of action.
  4. Engage the services of a lawyer who can provide guidance and representation throughout your commercial real estate transaction or legal process.
Lawzana helps you find the best lawyers and law firms in Colombo through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Commercial Real Estate, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Colombo, Sri Lanka - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.