4 August 2015
 Categories: , Blog

If your business is growing so much that it needs a new office location, you're likely very excited about your success. It can be fun looking at potential commercial real estate properties, but it can also be overwhelming. It's recommended that you hire a commercial real estate lawyer to help you through the entire process. Take a look at the following information to better understand the reasons as to why you may need to hire a commercial real estate lawyer. 

Your Lawyer Can Review all Contracts

You want to make sure that you're getting a fair deal for your purchase. Your lawyer can review all contracts before you sign them to ensure that you're not being taken advantage of. During this time, your lawyer can also look for any hidden fees, such as unmentioned maintenance fees, which can quickly make your monthly expense more than you budget for. If there are issues, your lawyer will negotiate with the seller before allowing you to sign the contract. 

Your Lawyer Isn't Emotionally Involved

It can be easy to overlook issues because you've fallen in love with a specific property. By working with a commercial real estate lawyer, you can further protect yourself. Since your lawyer isn't emotionally involved, he or she will work hard to make sure that you're making the right choice when choosing and buying your property.

Your Lawyer Can Negotiate a Shorter Lease

Many commercial property leases are very for a long period of time, such as ten years. If you're worried that you won't want to stay at the same property for so many years, your lawyer may be able to help you out. Your lawyer will work with the property owner to negotiate a shorter lease, such as a 5-year one. 

Make Sure the Property is Up to Code

You will want to make sure that you're investing in a property that is up to code. There are certain building and property codes that must be met. Your lawyer will be on the lookout to make sure that everything is legal before you agree to purchase a lease. This can help to protect you from a difficult situation in the future. 

As you can see, it's worthwhile to hire a commercial real estate lawyer before you get involved in the commercial real estate buying process. If you have any questions, or if you're ready to get started with the buying process, contact a local real estate lawyer today.