If you’re past the planning stages and ready to start shopping for a commercial property, you might be worried about the negotiations. Add the fact that the transaction may involve loans and other major financial decisions, and you understand why having lawyers on board can make all the difference.
But how can a lawyer make a difference in your commercial real estate deal? Here’s what every business owner should know when dealing with real estate.
Commercial real estate is strictly regulated. For example, if you are looking for office space, many different types of offices and ordinance codes govern them. Making a mistake can be costly in these situations.
While there are no zoning restrictions in Houston, it does still have codes and restrictions you’ll need to be familiar with. Your lawyer can help you determine whether a particular property is suitable for your business and what type of codes might apply.
When buying or selling real estate of any kind, there are often hidden costs that aren’t included in the initial price. These costs may push what seems like the perfect property out of your budget. Lawyers can ensure these costs don’t come back to haunt you later as you continue through the sales process.
For example, if you buy a building that requires renovation work before it can be used, we will make sure that this isn’t added to your final bill after completion.
While the lack of zoning makes owning real estate in Houston different, clients still need to avoid expensive mistakes by ensuring they adhere to state laws and regulations.
Our lawyers can also answer questions about protecting yourself against lawsuits from third parties who may have been injured by problems related to the real estate being purchased or sold. Some of these legal issues may include faulty wiring, damaged walkways or staircases, or plumbing in disrepair.
When buying or selling commercial real estate, it’s often necessary for both parties to negotiate terms like price or financing. You can seek out an attorney to help negotiate these terms on your behalf or review any contracts before signing them. You don’t want any surprises later in the process.
Lawyers can also ensure that everything is legally binding. They’ll make sure all parties have agreed upon the same thing and understand what it means for them moving forward. This is an important component of your real estate transaction because it ensures that every party is protected by their end of the deal, which means less chance for error down the road.
When you’re buying or selling a commercial property, you may feel like you’re in over your head. It’s not just the legalities of the transaction that can be overwhelming, but also the real estate jargon and legalese that comes with it.
Find out how a lawyer can help with a commercial real estate deal with a free consultation from The Curry Law Firm. We’re prepared to help your business find the perfect property and thrive there. To connect with us, fill out our online contact form below or give us a call at 713-678-0013.