Dealing with commercial real estate, whether buying, selling, or trying to keep your property can be difficult. It’s even more difficult when you don’t have a professional commercial real estate lawyer to guide you through the process. However, finding an experienced attorney can be difficult as you would want to find a real estate firm with the relevant experience and a good reputation to represent you during this process.
What a Commercial Real Estate Lawyer Does
While many real estate lawyers handle transactions relating to your home or personal estate, a commercial real estate lawyer deals in transactions relating to your business premises. This includes any premises that you use for business purposes – be it a normal office space or even an industrial or agricultural space. Your lawyer will be able to help you to purchase, lease, sell or halt an impending foreclosure on your commercial property.
The Benefits of a Real Estate Lawyer
While being smart is a great thing, many of us didn’t spend years studying various commercial real estate laws and the associated legal terminology that goes along with it. Without the aid of a licensed lawyer or real estate firm, you may end up losing your property, your money or even both if you’re not careful.
Things Your Lawyer Will Do for You
- Your lawyer will examine and explain the terms of the contract and ensure that there are no loopholes or minute details which could cause you to lose money or the property.
- Ensure that the transfer of ownership is done correctly, following the correct legal procedure.
- Prepare all the necessary documentation and negotiate with the owner/buyer on the details of the sale/purchase.
Tips to Find The Right Lawyer
Finding the right lawyer can be difficult, but with the following tips you’ll be able to find a lawyer best suited to your needs.
Is Your Lawyer Knowledgeable and Experienced?
Every sector in real estate is different, commercial real estate differs from residential real estate. Find a lawyer that is knowledgeable about the laws applicable to your specific commercial sector. Your lawyer will also need to have experience in dealing with that specific sector. Find a firm that focuses on commercial real estate cases.
Where is Your Lawyer Based?
It’s well known that each state has its own legislation regarding the sale, purchase or leasing of commercial properties. Ensure that your lawyer is well versed in the rules and regulations of that specific state.
Questions to Ask Your Potential Lawyer
Make sure that you ask each lawyer the following questions before you decide to enlist their services.
- How long have you been in practice?
- Have you handled similar cases?
- Who will be handling my case?
- Are you able to provide me with a quote?
It’s important that you look at more than one option when trying to find the right commercial real estate lawyer for your needs. Remember that you need to utilize the services of a lawyer that specializes in real estate, instead of a more general area of practice. A family lawyer will not be able to help you with your commercial property. It’s also important that you do your own research to find a real estate law firm that is best suited to your needs.
It is advised that you consult with a real estate law firm before you encounter any problems with your commercial real estate property as attempting to handle the transaction on your own could lead to very costly mistakes which may be impossible to fix.
The friendly and reliable team at Gary I. Handin, P.A. places an emphasis on real estate law. We’re licensed to practice in Broward, Miami Dade, and Palm Beach counties (FL) and if you have any questions regarding your commercial real estate property, don’t hesitate to contact us at (954) 796-9600. We offer Legal Services You Can Count On… Since 1969.