Whether you’re contemplating the purchase or sale of a commercial real estate property, there are many different issues that you should consider before you open or close escrow. In an ideal situation, you will retain a real estate attorney from the outset of the negotiations to highlight some of these important issues. In addition to communicating with the various parties involved (e.g., lenders, brokers, city officials), good legal counsel will:
- Draft Purchase and Sale Agreements;
- Review leases or contracts affecting the property;
- Negotiate and advise on financing structures;
- Examine and resolve title issues;
- Review surveys and title insurance commitments;
- Prepare confidentiality agreements, indemnification agreements, assignments, and other closing documents;
- Obtain zoning and other entitlements; and
- Ensure party compliance with escrow requirements.
The experienced real estate attorneys at The Loftin Firm, P.C. represent buyers, sellers, lenders, developers, and business owners and regularly deal with a variety of different properties including commercial real estate properties, condominiums, hotel properties, multi-unit residential properties, raw land, and mobilehome parks.
If you’re interested in buying or selling a property, call The Loftin Firm, P.C. today to speak with a knowledgeable and friendly attorney that will guide you through the complex real estate transaction process.
Ariel Bedell is an experienced attorney at The Loftin Firm. For questions relating to this blog post or any other California real estate, corporate governance, land use, or estate planning matter, contact Ms. Bedell at 760-814-9649.