A commercial real estate attorney will help you to get the most from your lease at the outset of the agreement. There are a series of stipulations that can be negotiated — particularly for commercial leases — that will have a large impact on how you run your business.
Closing on a piece of real estate can be an exciting, but lengthy process. There are a lot of important steps to take that can have long-term ramifications. And if any of these important steps either don’t go through correctly or don’t go through at all, the deal can fall apart.
The real estate sales process can be confusing for those without the abundant experience of a real estate attorney. There are a lot of terms that don’t come up in day-to-day life like escrow, lien, and easement. Documents of great importance seem to be required for every step along the way. Those entering the process might think it to be fairly straightforward—find a property you like, make an offer and get it accepted, then move in.However, that is not often the case. There are plenty of circumstances that can arise that add a few more steps to the process. And throughout this process, everyone has their eyes on the final step— closing.
Commercial real estate can be a great investment. You buy a building, lease it to a company, and get a rent check in the mail each month.
So how do you determine whether a particular piece of real estate is a good investment? There are several main factors: location, return on investment (ROI), appearance, and a clear title.
But first, what exactly is commercial real estate?
Buying a commercial property? Real estate transactions are complicated, and they come with a lot of fees during closing.
For the buyer, closing costs are generally between 3 and 5% of the cost of the property. Here are some of the different commercial real estate closing costs for buyers and sellers.
The Title and Title Insurance for Purchasing Your Home
A notable overlap of responsibilities for both the title company and the closing attorney is to secure a clean title to your property. The title is crucial for all buyers as it gives you a legal right to the house that you've purchased.
Topics: Commercial Real Estate