As a business owner, real estate is one of your biggest investments. A small mishap or human error can cost you millions of dollars, time spent in court, or even the property altogether.
The role of a real estate lawyer is to see to it that you don’t run into such problems both during and after the sales transaction. Setting straight the legal foundation of commercial property right from the beginning can help save you from getting into disputes in the future.
A Baytown real estate attorney can ensure this for you in several ways.
Real Estate Purchase Process
Unlike residential property purchases, buying or leasing commercial real estate is not so straightforward.
First, there might be additional laws, industrial standards, and a code of ordinances that you have to comply with. Second, the amount of money involved is likely to be higher, making it a crucial asset for you or your business.
Some of the ways a lawyer can safeguard your buying process is through drafting or reviewing purchase contracts, assessing the details of a property to ensure compliance, negotiating problematic clauses to represent your interests, and so on.
Negotiations and Agreements When Leasing Property
Instead of buying the entire property, some businesses choose to lease space for a predetermined period. This too needs legal support.
A real estate attorney can help you negotiate better prices and terms for your commercial real estate. Lease agreements are often filled with technical jargon, which can make it hard for you to understand what you’re getting into. Do not risk signing such documents without the advice of a trusted attorney in Baytown.
For instance, things like common area maintenance (CAM) charges can be lower for you as a tenant, depending on your square footage and other factors. Getting a commercial lease lawyer to review these agreements can save you time and money in the long run and protect your rights as a tenant.
Removal of Liens on Real Estate
In real estate law, a lien gives a creditor the legal right to repossess or even sell property should a debtor fail to honor their payment obligations. Liens can either be voluntary, such as agreements and contractual requirements, or they can be imposed by the court. The latter is popularly known as a judgment lien.
Regardless of what type you have on your real estate, a lien can limit you on what you can do with your property. A real estate lawyer in Baytown can assist you in removing this lien and its accompanying limitations, whether through negotiations or litigation.
Partner with a Real Estate Lawyer in Baytown
Getting a professional to review and handle your real estate purchase, sale, or lease negotiations will go a long way in safeguarding the property, as well as your rights. Our attorneys bring the advanced legal knowledge, skills, and experience required for commercial real estate law.
