Are you looking to purchase a commercial property in Louisville? If so, this is a serious investment you are making for yourself, your business or your family. Buying commercial property costs more than buying residential property. It is a more complex contract and you have to consider zoning ordinances and laws. That’s why you need to hire a real estate attorney when buying a commercial property.
Quite possibly the most important reason for hiring a real estate attorney when buying a commercial property is to reduce your risk in the purchase. An attorney will be able to examine the zoning laws where the property is located so that you know what type of business you can operate on the property. The attorney will also be able to determine if you can lease the property to someone else once you take ownership of it.
Another reason you should work with a real estate attorney when buying a commercial property is to negotiate the purchase. Don’t let the seller take advantage of your good nature. An attorney can help negotiate the price of the purchase as well as the terms of the sale.
An attorney will be able to help with all of the unique details of a commercial property purchase, including the following:
- Environmental problems
- Corporate ownership
- Tenant claims
- Leaseholds
If you are working towards buying commercial property, it’s important to have an experienced attorney by your side. An attorney can help with any of the issues mentioned earlier and make sure that your purchase is not going to ruin your business or your finances.