Why Sellers Should Hire a Commercial Real Estate Attorney
Commercial real estate deals are frequently complex — sometimes deceptively so. As such, it’s wise to enlist an experienced commercial real estate lawyer to help navigate the terrain. Attorneys save you time, and their deep understanding of the laws can be a formidable asset.
Protect the Seller’s Interests
Generally speaking, commercial real estate deals involve a lot of money and assets. Commercial real estate attorneys know what to look for in contracts and terms to ensure the seller’s best interests are served.
Handle Paperwork
Paperwork can be overwhelming. But when you enlist commercial real estate lawyers, they’ll handle it all for you. Not only will they take care of submitting necessary paperwork, but they’ll make sure it’s completed to the letter of the law.
Conduct Inspections
A commercial real estate attorney understands how to de-emphasize defects and undesirable aspects of a building or property. Moreover, they know zoning law and can craft property inspection clauses that protect sellers.
Prepare for the Unexpected
Real estate transactions require a strong understanding of the market landscape because anything can change in a moment. A commercial real estate attorney well-versed in the field can prepare for the unexpected, which ultimately saves sellers both time and money.
Draft Ironclad Contracts
Contracts can make or break a real estate deal. However, draft negotiations can take time and deft maneuvering. Thankfully, commercial real estate attorneys excel at contract work, and having one on your side could help yield optimal results. Taking the DIY route when it comes to commercial real estate contracts might lead to disastrous results.
Walking You Through the Process
Commercial real estate law has its own vocabulary, and it can be intimidating for someone who isn’t fluent in the vernacular. A lawyer can help decipher all the jargon from a legal perspective.
Makes It Less Personal
When sellers handle transactions on their own, it’s easy to become too familiar with the other party. When you have a commercial real estate lawyer representing you, business always comes first.
Warren S. Dank maintains a commercial real estate law practice that serves New York City and Long Island. Our attorneys assist clients with legal matters related to construction, joint ventures, franchising, leasing, and general litigation.