Commercial transactions are some of the most complex real estate transactions you can enter into in Florida. Purchasing or selling a commercial property should never be ventured into without the assistance of an experienced commercial real estate attorney. Today, we will discuss some of the most common reasons why you would need an attorney for a commercial transaction.
There’s no guarantee that the commercial transaction in which you are involved will be a simple one. You could run into a lot of problems and find a lot of holes in the contract that has been presented. It is nearly impossible to handle such a transaction by yourself. You need to have a keen eye for detail and spend hours pouring over laws, rules and contract terms to ensure that you are not getting the short end of the stick.
A big part of a commercial real estate transaction is environmental compliance. Many contracts in this sector will include clauses requiring the new owner or lessee to comply with local, state and federal regulations. If you are coming in as the new owner, you will want an attorney to sift through all of these laws to ensure you can follow them once you sign the contract.
Negotiations are the focal point of any real estate transaction. You should leave this part up to the professionals. Tell the attorney what it is you are looking for as a financial return if selling the property or what your budget is to spend if you are the buyer. The attorney will be able to handle the entire negotiating process for you.
A commercial real estate attorney will be able to walk you through the entire process from listing the property to transferring the deed to the buyer. Don’t let inexperience on your part put a bad spin on a good deal.