Commercial real estate law regulates the sale and transfer of properties for business use. A significant percentage of commercial real estate lawsuits involve some sort of dispute over the sale and purchase of property for commercial use. Commercial real estate law also includes other issues such as commercial leases, property and land use, liquor licensing, and zoning issues.
For instance, most state and local laws prohibit the business activities in residential areas, and vice versa. Thus, commercial real estate laws also regulate how a property can be used in a certain sector of town versus another area.
What Is a Commercial Real Estate Lawyer?
Commercial real estate lawyers are legal professionals who specialize in the commercial real estate laws for a given area. Some real estate lawyers handle both commercial and residential legal issues. Commercial real estate lawyers may also have knowledge of other related subjects, such as property valuation, contract laws, and business laws. On the other hand, commercial real estate is a complex area of law. Some commercial real estate lawyers focus only on commercial real estate issues.
What Does a Commercial Real Estate Lawyer Do?
Commercial real estate lawyers may handle a variety of tasks, such as researching laws, helping with contract negotiations, and representing clients in court. They may also assist with issues involving:
- Factors for Whether to Buy or Lease Commercial Real Estate
- Types of Commercial Leases
- Commercial Leases from the Tenant's Prospective
- Reasonable Consent to Sublease or Assign
- Assigning Commercial Leases
Commercial banking is also a major aspect of commercial real estate law. With regards to commercial banking, lawyers may perform tasks that relate to:
Thus, commercial real estate lawyers may perform a wide range of duties and tasks on behalf of clients.
Do I Need to Hire a Commercial Real Estate Lawyer?
Commercial real estate laws tend to be somewhat complex. Moreover, they can be very different from area to area. In fact, commercial real estate laws may vary even within the same county or city. You may wish to hire a qualified real estate lawyer if you need assistance with the commercial real estate laws in your area. A qualified commercial real estate attorney will be able to assist you with your claim and can answer any questions or inquiries you might have.