There are many reasons why real estate and other business professionals hire a commercial real estate attorney. To begin with, an experienced commercial real estate attorney can help mitigate the added risk inherent in any commercial transaction. With so many more moving parts than a residential real estate transaction, the last thing you want is for something like an obscure zoning restriction or unpaid tax to be overlooked.
Commercial properties – such as office, retail, industrial or multi-family housing — are governed by different laws than single-family and other residential housing. A lawyer who specializes in residential property will not have the same experience and understanding of the commercial real estate laws. A commercial real estate attorney can provide tailored legal guidance for your specific situation.
Here are some of the practice areas for a commercial real estate attorney:
- Purchase and sale transactions
- Zoning and land use
- Ownership and title issues
- Property taxation
- Commercial property insurance
- Leasing negotiations and disputes
- Condo declarations
- Property contract breaches
- Real estate business disputes
An experienced commercial real estate attorney can help you negotiate any potential issues, so that your transaction doesn’t fall apart because of an overlooked detail or a documentation mishap. A qualified commercial real estate attorney is essential for negotiating complex contracts, assisting with warranties against structural damage or hidden environmental issues.
Other parties in the transaction will likely have a commercial real estate lawyer as part of their team, so it’s crucial that you have an experienced commercial real estate attorney of your own to ensure that your interests are protected.
Contact us below regarding all your real estate transaction needs: