Commercial and residential real estate laws are very complex in nature and should be carefully reviewed by a well-versed property law firm. Find the legal information that you should know about commercial and residential property below. Any property that can be leased to generate revenue is referred to as commercial real estate. Commercial real estate includes industrial, land, offices, retail and other commercial spaces that are suitable for business purposes.
Commercial Real Estate Law
Commercial real estate law includes property laws that are centered on the different aspects of commercial property. Such aspects of commercial real estate include land use, leasing, title, joint ventures, sales and acquisition, workouts, development, and restructuring.
At the Mark Yampaglia Law PC, we have a top-notch team specialized in real estate law to help you through the various aspects of commercial property.
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Despite the advantages of owning commercial property, there are potential risks involved as well. At Mark Yampaglia Law PC, we can advise you on real estate matters such as drafting and negotiating leases, addressing zoning issues, and divesting existing property.
Also, it is important to carry the proper insurance policy for your commercial real estate in order to be protected from any unforeseen risks. To obtain a detailed explanation of your insurance policy and what it covers, contact our reputable law firm today, so we can help negotiate better insurance terms that will cover most of the potential risks.
Commercial Real Estate Requirements
Commercial property owners are required to uphold the consumer’s right as well as abide by the professional code of conduct and standards.
We give legal advice to commercial property owners based on the need to uphold consumer rights as well as help the commercial property owners obtain the necessary legal requirements.
Process for Purchasing Commercial Real Estate
The process for purchasing commercial real estate can be a very delicate and complicated process. Both the buyer and seller have increased liability in the purchasing process and any legal matters that may arise.
A skilled attorney versed in real estate law can help you through the process of property evaluation, sales agreement contract review, and other legal matters that may come up from the purchase of commercial real estate.
Purchasing Residential Property
When purchasing residential real estate, you may opt for a loan from the bank or any other lending institution. When you sign the relevant forms, you will be getting into a legal obligation with the lending institution. Mark Yampaglia Law PC can help you understand the terms of the contract while ensuring your interests are protected.
Residential Real Estate Purchase Process
The residential property purchase involves:
Pre-purchase inspection of the property
These above stages involve evaluation and making decisions. We will assist you through the evaluation process to help you make the most appropriate decision.
Residential Real Estate Closing Process
Closing, also known as settlement, is the last stage in the purchase of residential property. We will help you inspect the house to ensure that it reflects what is agreed on in the sale agreement.
After we have inspected the home and found it matches the sale agreement, you can now finalize the ownership transfer process.
Residential Real Estate Investing
To invest in residential real estate, it is advisable to use the services of a legal firm to help you in the evaluation process. During the purchase process, legal issues may arise from the transfer of funds, contract terms, inspections, or other external sources. Having a professional law firm like Mark Yampagilia Law PC to guide you in such instances can be beneficial in protecting your interests.