Buying a commercial property is a complex process. Your entire business operation hinges on your ability to obtain a good deal, and the most crucial aspect of achieving this goal is understanding the contract tied to the sale. For first-time buyers, there are a lot of unfamiliar terms riddled throughout the document. So, we've put together some of the most common terms found in a purchase agreement that every buyer should know to complete a successful transaction.
John Cobb Rochford of Rochford Law & Real Estate Title, a well-respected member of the Nashville legal and real estate community, is pleased to announce course offerings in collaboration with Greater Nashville REALTORS®.
Topics: Nashville Real Estate Law
Whether you are buying, selling or managing a property, you need legal guidance and representation to protect your best interests. The state of Tennessee has legislation in place that protects both the buyer and the seller of a commercial property. In particular, the Tennessee Statute of Frauds requires, in writing, documents that comply with the strict regulations. Unless adequately drafted, these materials are unenforceable which may void the entire transaction.
Topics: Commercial Real Estate Law
Renting a commercial property is a big responsibility for your business. The size, location, and monthly lease could determine the success or failure of your enterprise. A commercial lease is prepared by the landlord and designed to protect and favor them, so it's important to understand the underlying terms before you sign.
Topics: Commercial Real Estate
For many homebuyers, it’s tempting to take a “do-it-yourself” approach to buying property in Tennessee. Here at Rochford Law & Real Estate Title, we have had the pleasure of working with many individuals who opted to buy or sell a home without using a real estate agent. Typically, these individuals are understandably looking to keep the purchase price down by avoiding costly real estate commissions. Buying or selling property is a huge transaction and it pays to do it right.
What is Greenbelt Law?
If you own 15 acres or more, you just might be able to reduce your Tennessee property tax liability by applying for the Greenbelt Law. The Greenbelt Law, or the Agricultural, Forest, and Open Space Land Act of 1976, was designed to preserve farms, forests, and open space and to reduce urbanization across Tennessee. Greenbelt helps provide much-needed tax relief to landowners and farmers who qualify and it also helps maintain the natural beauty of our state.
As a real estate attorney in Nashville, I’ve seen countless mutually beneficial real estate opportunities in which all parties benefit from the transaction and leave our offices smiling. On the other hand, however, I’ve also worked with a number of well-intended clients who have fallen victim to a real estate scam or need our help extricating themselves from the web of an unscrupulous developer/investor. Because we’d much rather leave the closing table to a sea of all-around smiles, we decided to put together a post on some of the most common real estate scams and questionable property flipping schemes. Knowledge is power.
We’ve all seen the For Sale By Owner signs dotting Nashville lawns. On the seller’s side, if you’re looking to downsize, upgrade, or relocate, selling your home in Nashville’s hot market can be a lucrative decision. On the other end of the real estate spectrum, if you’re looking for a friendly city with booming job prospects, buyers can count on Nashville to deliver.
Topics: Buying A Home
When you buy a piece of property, whether it’s your first home or it’s your 10th investment property in Nashville, there are a lot of moving pieces. It can be overwhelming, not to mention financially irresponsible, not to work with a reputable title company for your property closing services.
Buying and selling real estate may be one of the most important financial transactions that you will ever carry out in your life, but it’s also a lot of work. If the property in question has issues due to poor maintenance, natural conditions, or other factors, correcting these issues can be expensive and can complicate the sale of the property. The last thing that a buyer or a seller wants are complications that will slow or block the sale of property.