Why Do You Need a Commercial Real Estate Lawyer? – Blog by Owen Cromb
The process of purchasing and selling property in general is a complex one, with intricacies one may miss if they are not careful. That being said, dealing with real estate in the commercial field is a whole different process in itself. It can be daunting, time-consuming, and even frustrating if you don’t have the right lawyer with the right expertise in your corner.
In essence, a commercial real estate lawyer’s primary job is to protect your interests. Both the purchase and sale processes are filled with binding contracts, a legal professional will be able to guide you through the contracting process, as well as point out any unfair or suspicious terms. A commercial lawyer will be able to answer any questions you may have and make recommendations to you based on your situation.
Another job of the commercial lawyer is to navigate zoning laws on behalf of their clients. With regard to certain businesses, zoning issues are quite common. Businesses such as restaurants, bars or industrial parks are likely to have zoning issues that arise. This is primarily due to the fact that zoning laws inherently restrict what a business owner can and cannot do with a property. Properties may have to be re-zoned, this process can include complicated applications, re-applications, motions, and even hearings. Because of this, it is in a business owner’s best interest to consult a knowledgeable commercial lawyer.
Similarly, a commercial real estate lawyer will be able to assist you with any commercial leases you may have. Leases are complicated contracts in which a lawyer can help both draft and negotiate to ensure that you get the best result in accordance with your interests.
Lastly, having a commercial real estate lawyer saves you time and gives you peace of mind. As the owner of a business, your efforts would be better spent in expanding your business than worrying about the legal intricacies of real estate dealings. In the end, hiring a commercial real estate lawyer is one of the most financially safe moves you can make, apart from saving you money, a commercial real estate lawyer is there to guide you through the process of buying and selling property while keeping your interests top of mind.
If you have questions or need assistance with a commercial property, our team of experienced lawyers can help. Contact us online for a free consultation or call 705-526-1471 to speak directly to one of our lawyers.