When entering a real estate transaction, there are often many questions and issues which you need to consider before signing a contract or agreement. Real estate transactions often go hand in hand with other major business decisions and can make or break your new company if an important contract is breached. Real estate transactions involve many intricate details that are best to consider with an experienced real estate attorney.
Commercial Real Estate
Real estate transactions can often lead to the following types of legal disputes:
- Purchase and sale agreements
- Partnership disputes
- Breach of fiduciary duty
- Commercial leases
- Boundary disputes
- Construction defects
When you enter into a commercial real estate transaction, you do not anticipate that anything will go wrong, but you must be prepared for the worst. An experienced commercial real estate attorney will assist you in drafting documents and negotiating transactions to best protect yourself and your company in case of any contract breaches later down the road.
Purchase and sale agreements often involve the sale of real estate, sometimes coupled with the sale of a company and its assets. These transactions are often quite lengthy and must involve detailed due diligence of the real estate of the selling party to ensure that all parts of the transaction are covered and both parties are aware of all aspects of the property.
Commercial leases are another important type of real estate document which require the expertise of a real estate attorney. Commercial leases are different than ordinary residential leases and are often negotiated on a lengthier term than average leases, often with a purchase option upon completion of the lease. These leases may also be acquired during a purchase and sale agreement and therefore the purchasing party must be informed of all parts of the lease and an assignment must be drafted.
Construction disputes are often a major part of real estate transactions, especially for new properties. Construction companies have a contract to ensure that all work will be completed in a timely manner to the best of the company’s abilities. When a defect occurs or the contract is breached, you have the ability to bring action as the property owner. You may also bring action against any contractors or subcontractors who did not adequately perform their assigned tasks which led to either injury or improper installation.
MichieHamlett | Charlottesville, Virginia Commercial Real Estate Attorney
If you are considering a commercial real estate transaction or are involved in a real estate dispute, do not hesitate to contact the experienced attorneys of MichieHamlett. Our attorneys understand the complexities of the real estate market and the underlying law relating to real estate transactions. We will work tirelessly to ensure that you are receiving a fair deal and will bring your case to court if we are unable to reach an agreement with the other side. Our attorneys are skilled litigators, nearly all with over 15 years of experience.