If you’re involved in commercial real estate, then you know that there are a lot of potential legal issues that can come up. From negotiating leases to handling property disputes, it’s important to have an experienced commercial real estate lawyer by your side who can help you navigate these tricky waters. This article will discuss four times when it’s especially important to have an experienced lawyer on your side.
1. When You’re Negotiating a Lease
If you’re leasing commercial property, you need to be very careful about the terms of your lease agreement. A lease agreement is a legally binding contract, so it’s important to ensure that you understand all of the terms and that they favor you. At times, the landlord may try to include provisions that are not in your best interests. This includes specifying things like the length of the lease, the amount of rent, and who is responsible for maintaining the property. Hence, an experienced commercial real estate lawyer can help you understand the implications of the various clauses in the lease agreement and can negotiate on your behalf to get the best possible terms for your business. Additionally, if there are any disputes with your landlord during the lease term, your lawyer can help you resolve them.
2. When You’re Buying or Selling Property
If you’re buying or selling commercial property, you need to ensure that all of the paperwork is in order. This includes the purchase agreement, title documents, and other necessary legal documents. An experienced commercial real estate lawyer can help you review these documents to ensure everything is in order and that there are no potential problems with the transaction. Additionally, your lawyer can help negotiate the terms of the sale on your behalf and represent you in court if necessary.
3. When You’re Developing Property
If you’re planning on developing commercial property, you need to be aware of the various zoning laws and regulations. These laws can be extremely complex, and they can vary significantly from one location to another. Additionally, you will need to obtain the necessary permits and approvals from the local authorities before you can begin construction. An experienced commercial real estate lawyer can help you navigate the permitting process and comply with all applicable laws.
4. When You Have a Dispute with Another Party
If you have a dispute with another party involved in commercial real estate, you must resolve it through negotiation or litigation. This can be a very complex process, and it’s important to have an experienced lawyer on your side who can protect your interests. Your lawyer can help you negotiate a resolution to the dispute and can represent you in court if necessary. Another commercial real estate lawyer can also assist you if you need to file a lawsuit against another party, such as your landlord.
These are just four of the many times when it’s important to have an experienced commercial real estate lawyer by your side. If you’re involved in any commercial real estate transaction, you must consult with a lawyer to ensure everything is done properly and protect your interests.