When it comes to commercial real estate in Texas, many things depend on how well you know the law. The numerous legal guidelines you need to keep in mind introduce more risk for the current and future state of your investment.
Below are some of the common questions the real estate lawyers at The Curry Law Firm get from business owners who either want to or have already purchased or leased properties. If you’re looking for more legal guidance for your real estate investment, consider setting up a free consultation meeting with one of our attorneys to learn more.
Is My Property Commercial Real Estate?
Texas law defines commercial real estate as any property purchased or leased for business or investment purposes.
For instance, if you buy a building and rent out to tenants or start a business, your property is commercial, and Texas real estate laws will apply to you.
What Rights Do I Have as a Commercial Buyer or Lessee?
Some of the rights you have as a buyer or tenant focus on important things like eviction, rent increases, security deposits, and so on. For instance, the landlord cannot make changes to a lease before it expires or without your consent. If you are renting and decide to move out, the landlord is required to refund your security deposit on or before the 30th day after leaving.
Having a real estate lawyer go over your lease or other sales documents can ensure that your rights are protected.
What Do I Need to Know Before Signing a Commercial Lease?
Before signing a lease or contract, you should make sure that a professional has inspected the building to check on issues like zoning laws and other legal guidelines. If you’re not content with some clauses on the lease, you can choose to negotiate with your landlord to get the best deal possible. It’s also important to understand your obligations and those of the landlord per the lease.
Do I Have to Go to Court for a Landlord-Tenant Dispute?
No, you don’t have to go to court in the case of a dispute between you and your landlord. In the case of a problem with things like maintenance, interests, or common area maintenance charges (CAM), an attorney can apply the law to potentially solve the dispute without litigation.
Don’t Wait to Consult a Real Estate Lawyer
Most real estate buyers and sellers wait until the contract or lease signing to speak with a lawyer. This can be risky because owning or leasing commercial property requires you to fully understand its legal aspects, as well. As an entrepreneur, you might waste precious resources trying to grasp what these laws mean for your venture.
Instead, reach out to an attorney who’s knowledgeable in Texas real estate law. Speak with a real estate lawyer from The Curry Law Firm by calling 713-678-0013 or filling out the contact form to protect your interests before it’s too late.