A commercial real estate deal is much like a residential property deal. Both involve contracts between the buyer and the seller or, if the deal is a lease, between the landlord and renter. If either party decides to end the deal, the terms of the contract will spell out how this can happen. At times, it is possible to negotiate a mutually acceptable alternative way to end the deal. Commercial real estate transactions are typically more complex than residential transactions. Usually, they involve large sums of money and increased liability for both parties. Unlike a residential transaction where the law provides basic consumer protection for the buyer, the law takes a neutral approach to its treatment of commercial transactions.
The law surrounding the purchase and sale of commercial reseal estate is complicated. Plus, the facts of each case are unique. This article provides a brief, general introduction to the topic. For more detailed, specific information, please contact a lawyer who deals in commercial real estate. Courts expect that both parties to commercial real estate transactions are sophisticated enough to understand the contract terms. Therefore, they will hold the parties to the terms of any sales agreement – absent illegality or fraud. For these reasons and others, a buyer and seller of commercial real estate should both have professional help closing the deal. When you are afraid of what might confront you when doing real estate commercial transactions, our lawyers in Law firm of BARAM & KAISER, ESQS, Attorneys at Law can give all the necessary assistance.
Zoning is the way that governments control the physical development of land and the kinds of uses to
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