What is a Commercial Real Estate Lawyer, and Why Do You Need One?
When buying or selling commercial property, it is important to have an experienced commercial real estate lawyer on your side. Commercial real estate lawyers know the ins and outs of the commercial real estate market and can help you get the best deal possible. They can also help you with all the paperwork involved in a commercial real estate transaction and ensure everything goes smoothly.
If you are considering buying or selling commercial property, here is what you need to know about commercial real estate lawyers!
Table of Contents
What Does a Commercial Real Estate Lawyer Do?
A commercial real estate lawyer helps clients buy, sell, or lease commercial property. They also help with all the paperwork involved in a commercial real estate transaction. In addition, commercial real estate lawyers can help you negotiate the best possible deal and represent you in court if necessary.
Other services that real estate attorneys can provide their clients include:
If you are a business owner, you know how important it is to have a solid commercial lease. This is where a commercial real estate attorney comes in – they are experts at creating, examining, and discussing these leases so businesses can get the best possible deal.
A professional and well-drafted lease agreement is essential for property owners instead of using generic versions that may be full of errors. For businesses leasing property, it’s always a smart idea to have an attorney look over the lease agreement before signing it.
Zoning Laws and Regulations
Another area where commercial real estate lawyers are extremely helpful is in understanding zoning laws and regulations. These laws can be very complex, varying from one city to the next.
Zoning issues are much more common for commercial businesses, like restaurants or industrial spaces, than residential real estate.
Zoning laws limit what types of activities can take place on a property. If a landowner wants to use their property in a way that doesn’t follow the zoning regulations, they may have to hire a lawyer specializing in commercial real estate law. A commercial real estate lawyer will be able to help you navigate these laws and make sure your commercial property complies.
Real Estate Development Law
Another area where commercial real estate lawyers can be extremely helpful is in real estate development law.
Commercial real estate attorneys have a deep knowledge of real estate development law. This entails comprehending not just land use and municipal zoning rules but also assisting with property development from the initial planning stages of a development project to the construction phase and beyond—helping you and your company evaluate sites, obtain financing, acquire permits to develop, and then lease or sell your finished apartments.
Real Property Rights
When commercial real estate lawyers represent buyers, they also conduct title searches to make sure there are no liens or other claims against the property.
Land use and zoning may appear to be similar topics, but they involve environmental regulations, laws surrounding property disputes with neighbors, and the process of obtaining permits. This is an extremely important step in the commercial real estate buying process, as it can save you a lot of money and hassle down the road.
Commercial real estate lawyers can also provide services, including:
- Commercial Landlord/Tenant Disputes
- Construction Contract Disputes
- Payment Disputes
- Construction Financing
- Title Insurance or Title Exams
Reasons to Hire a Commercial Real Estate Attorney
Now that you know all the different ways commercial real estate lawyers can help you with your commercial property, you might wonder why you need to hire one.
The answer is simple – because commercial real estate transactions are much more complicated than residential ones. There is much more money at stake, and commercial real estate laws are much more complex. You need someone on your side who knows all of the ins and outs and can protect your interests.
Here are a few key reasons why you should partner with a commercial real estate lawyer:
Save time and money in the long run.
As a company owner, you probably don’t have much free time on your hands to figure out the ins and outs of commercial property acquisition or sale, and you wouldn’t want to.
That’s why it makes sense to engage an attorney to perform due diligence, look at the facts fairly, ask the appropriate questions, and take on your concerns so that you can focus on what matters most to you: your business.
Make sure the deal is legit.
When you’re debating purchasing a piece of property but the cost has you questioning its authenticity, an attorney can help to clear things up. They’ll be able to tell you if the property is worth what the seller is asking or if any hidden liabilities could come back to bite you later.
A commercial real estate lawyer will also be able to help you negotiate a better price for the property.
Get expert advice
A commercial real estate lawyer will have a deep understanding of the real estate market and can help you make sound decisions about your investment.
They can provide expert advice on things like:
– What type of property to purchase
– Where to purchase it
– How to finance it
– What leasing terms to agree to
– How to protect your interests
As you can see, commercial real estate lawyers play a vital role in the commercial real estate process – whether you’re buying, selling, or leasing property.
If you’re considering making any commercial real estate transaction, it’s in your best interest to consult with an experienced commercial real estate lawyer beforehand. They’ll be able to advise you on the best course of action and help ensure that the deal goes smoothly.
About The Author
Please note that Point Acquisitions is not a tax expert or tax advisor. The information on our blogs and pages is for general informational purposes only and should not be relied upon as legal, tax, or accounting advice. Any information provided does not constitute professional advice or create an attorney-client or any other professional relationship. We recommend that you consult with your tax advisor or seek professional advice before making any decisions based on the information provided on our blogs and pages. Point Acquisitions is not responsible for any actions taken based on the information provided on our blogs and pages.
Selling a hotel isn’t just a transaction; it’s an art that demands a deep understanding of the accommodation sector. The industry has witnessed considerable shifts in recent years, influenced by changing traveler preferences, technological advancements, and economic trends. These shifts…Read More
Taxes play an important role in determining the profitability of commercial real estate investments. Understanding the various types of taxes involved and the strategies to minimize tax liability will significantly impact an investor’s financial success. This article will guide you…Read More
The type of net lease you choose can profoundly impact your investment and management experiences in commercial real estate. Among the various lease structures available, single net lease, double net lease, and triple net lease stand out, each with specific…Read More