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Personal and professional impacts of commercial real estate

On behalf of Kadish & Associates Law Group posted in Commercial Real Estate Transactions on Friday, February 23, 2018.

Commercial real estate transactions require you to think about your business goals and your personal needs. While you might be able to consider only the business with many decisions, there is a good chance that a commercial real property purchase or lease might impact your personal life.

You need the right advice to make the best possible decision. We can help you to learn about how your desired transaction might affect you.

There are many aspects of commercial real estate transactions that you must consider. One of these is the financing of the property.

Commercial real estate transactions can come with terms that don’t come with a personal real property transaction. For example, there is a chance that your lease will come with added costs that aren’t included in the monthly payment. This can include maintenance fees and even a requirement to cover a specific portion of major repairs to the building.

Another aspect of a commercial real estate transaction that might be important is the amount of work you are going to do to keep up the property. Are you going to be responsible for cutting the grass and keeping up the landscaping? Do you only have use of part of the parking lot, and do you need to maintain the portion for your business? How are needed repairs and modifications handled?

No matter what kind of real estate transactions you are interested in, we can work with you to make sure that you are protected. We want to make sure your rights are respected and that you aren’t getting the short end of the stick. We can review contracts and help you with zoning or land usage issues.

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