Choosing to invest in real estate property for your business is a big decision and one that can seriously affect the profits of the company. Whether you’re investing in commercial space for your own company’s use, or to lease as a form of income, it’s always a wise business decision to first speak to a commercial real estate lawyer.
Reasons To Invest In Commercial Property
There are several reasons that you may decide to take the plunge and invest in commercial property. An increasing number of businesses are not only taking out commercial property leases but also investing in owning property. Often, this decision is made to give companies a platform to further grow and expand.
As a result of businesses expanding, Florida has almost three million commercial properties alone! Some of the top reasons that businesses are choosing to invest in commercial space include:
- A great return on investment when compared to renting space
- An increased return on investment when compared to a residential property
- Longer lease agreements than residential leases
- Lower vacancy risks
Whether you’re choosing to invest in commercial property for money-making endeavors or as a space to operate your business, the wins are impressive.
Advantages Of An Experienced Lawyer
In order to achieve a return on your commercial property investment, it’s important to make sure that your finances and company are protected.
With these factors as a priority, it’s crucial that you get the paperwork right. There’s no better way to do so than to hire a commercial real estate lawyer. This decision will provide you, and your business, with many benefits.
Protection Of Rights And Interests
A real estate attorney will negotiate the procedures to make sure that the company’s rights and interests are protected through the sale. For example, aspects such as hidden environmental issues or structural problems may only be discovered after signing the contract and then there is little way out.
A lawyer will help you navigate the legal process so that you can get excited about your new investment without worrying about legalities.
Save Time And Money
Running a business is a demanding endeavor and one that requires a big investment of time and attention. Trusting a real estate attorney with the process of purchasing property allows you to focus on the core of the business.
Not only does a real estate attorney save you time by providing their expertise, but their diligence in the process can also save you money in the long run. This is done by making sure that the price of the real estate is right, that the agreement is legitimate and effectively negotiating the contract.
Expert Legal Knowledge
Zoning laws differ from state-to-state and it’s important to understand them if you want to maximize on profit or investment. A lawyer’s expert legal knowledge and in-depth understanding of these development options will allow you to make the most of your investment.
Real estate attorneys are a huge asset, even once the sale has been made. Their legal knowledge further includes lease agreements, new construction agreements, eminent domain, title insurance, and commercial lease disputes.
Commercial Real Estate Attorney In Broward, Miami Dade, and Palm Beach Counties
In addition to ethics, two of the most important factors to consider when finding a commercial real estate lawyer is their experience and where they are based.
Gary Handin Law has over 50 years of experience in serving the Broward, Miami Dade, and Palm Beach counties in Florida. Our friendly and reliable team are dedicated to offering expert legal advice and services in the commercial real estate field, helping you make the most of your investment.
Contact us at 1-877-815-4560 for legal services you can count on… since 1969.