If you own a business, then the odds are you have considered renting or buying commercial property. At Grcic Law, we strive to help our clients with all matters related to buying, selling, leasing, and owning commercial property. Our experienced real estate law firm offers the following services:
- Mortgage financing
- Title examinations
- Purchase of commercial real estate
- Approval for property amendments
- Real estate closings
If you need an experienced commercial real estate attorney, then Grcic Law should be your first choice!
Commercial Real Estate Law – What Is It?
Commercial real estate law involves rules and guidelines covering buying, selling, renting, and owning commercial real estate for businesses. A commercial real estate attorney serves to help people through the legal complexities of commercial real estate and protect individuals’ and companies’ best interests.
There are several pitfalls one can encounter when dealing with commercial real estate. Hence, an experienced real estate attorney can help you understand laws surrounding leasing, construction, development, zoning, and other rules covering commercial property transactions.
Why Should I Hire a Commercial Real Estate Attorney?
Commercial real estate laws are a great deal more complex than laws for residential properties. This increased complexity reflects the higher stakes and risks inherent in dealing with commercial property. Generally speaking, business entities purchase commercial property, which costs significantly more than residential property.
A commercial real estate attorney can help you navigate the legal process and rules surrounding commercial property. Here are some benefits of hiring an experienced real estate attorney.
Time
Businesses are often too busy handling day-to-day operations to properly vet and perform due diligence on real estate acquisitions. A real estate attorney can handle the technical and legal side of commercial property transactions, so you can focus on running your business.
Understand Laws
Commercial zoning laws and restrictions are very different from residential zoning laws. A thorough understanding of zoning rules can help you get the most benefit out of commercial property transactions. Zoning laws for commercial real estate are also constantly changing, and an attorney can help you stay on top of any modifications and how they may affect your investment.
Protect Your Interests
Terms and conditions in commercial real estate contracts are usually much more complex than those in residential property transactions. A commercial real estate lawyer can help you prepare any necessary documents and form the required legal structures to protect your individual and business interests. Also, an attorney can vet a real estate contract to make sure that you are getting the best deal possible.
Ensure Legitimacy
Even in the realm of commercial property, there is the potential for scams and fraud. If a real estate deal seems “too good to be true,” it most likely is. Our experienced team of attorneys at Grcic Law will investigate any encumbrances, such as liens, that can affect the value of your investment.
We here at Grcic Law have over 15 years of experience assisting clients with commercial real estate transactions. If you are considering buying commercial property in Park Ridge, IL, or the surrounding areas, give us a call at 847-696-6196 today to schedule a free consultation.
