Commercial real estate transactions are often complex and involve significant financial investments. Whether you’re buying, selling, leasing, or managing a commercial property, having a skilled attorney on your side can help ensure that the process goes smoothly. But when exactly should you reach out to a commercial real estate attorney? In this blog post, we’ll explore various situations in which legal counsel is crucial for your commercial property dealings.

Before Signing Any Contracts or Agreements

One of the most important times to consult with a commercial real estate attorney is before entering into any contracts or agreements. These documents are often dense and contain legal language that can be difficult to understand. A real estate attorney can review the terms, highlight potential issues, and make sure that your interests are protected before you sign on the dotted line. Whether it’s a lease agreement, purchase contract, or financing documents, having a legal expert review them can prevent costly mistakes.

Facing Property Disputes

Property disputes are common in commercial real estate and can involve anything from disagreements over property boundaries to zoning issues or lease violations. If you're facing a dispute with a tenant, a neighboring business, or even a government agency, it’s essential to consult an attorney. They can offer guidance on how to resolve the issue or, if necessary, represent you in litigation to protect your rights.

Dealing with Zoning and Land Use Issues

Zoning laws play a major role in the use and development of commercial properties. If you’re planning to build, modify, or even change the purpose of a property, you may run into zoning restrictions that need to be addressed. A real estate attorney can help you understand local zoning ordinances, assist in obtaining necessary permits, and ensure that your planned use complies with city or county regulations.

During Complex Property Transactions

Real estate transactions can quickly become complicated, especially when multiple parties are involved, such as buyers, sellers, lenders, and contractors. Whether it’s a complicated sale, refinancing, or property development, having a legal professional handle the details ensures that all documents are properly drafted, and that you comply with all local, state, and federal laws.

Litigation or Breach of Contract

Unfortunately, not all commercial real estate transactions go as planned. Sometimes, breaches of contract or litigation arise, requiring legal intervention. If you’re dealing with a breach of contract, mechanic’s liens, or other property-related disputes, it’s essential to have an attorney who can represent your best interests and provide aggressive legal action if necessary.

Commercial real estate transactions are significant, and you should never proceed without understanding the legal implications of your actions. Whether you're buying, selling, leasing, or dealing with a dispute, having an attorney can help protect your investment and ensure that all legal matters are handled properly. If you’re facing any challenges or just need legal guidance, contact Daniel G. Berry, Attorney at Law, in Chicago for a consultation.