As commercial real estate attorneys, we represent people who are buying, selling, and leasing commercial real estate in New York, NY.
Commercial real estate matters are more complex than residential real estate.
We can assist you in the different areas of commercial real estate, such as:
- the formation of legal entities that would acquire the commercial property in order to maximize legal and tax efficiencies
- drafting agreements among investors who are acquiring commercial real estate together
- advising on conducting due diligence
- drafting and negotiating real estate sale and purchase contracts
- handling all aspects of commercial leasing
Buying and selling commercial real estate is more complex than a simple sale and purchase transaction of residential real estate. Due to the amounts involved, purchasing commercial real estate may require the investment of several parties. A commercial real estate attorney can:
- Advise the client on the advantages and disadvantages of the different legal structures that could acquire the commercial real estate and recommend the most appropriate legal structure for legal and tax efficiencies, given the objectives of the client
- Prepare the formation documents in case a legal entity shall acquire the commercial real estate
- In case there are multiple investors, draft shareholder, membership or joitn venture agreements to provide a legal framework in governing the rights and obligations of the co-owners to ensure clarity among the roles of the parties and to preserve their harmony and relationship
- Review loan, mortgage, and guaranty documents with financing company
- Review and negotiate contract of sale with seller
- Conduct due diligence and title examination on property, including indetifying liens, reviewing permits and zoning to ensure that the commercial real estate is viable for the proposed project
- Handle pre-closing and closing activities to ensure all documents are properly executed
- Draft and negotiate commercial lease agreements
As experienced commercial real estate attorneys, we can advise you on standard provisions in sale, loan, mortgage, and guaranty agreements, including what’s reasonable to insist and negotiate on, finding the right balance to ensure that a transaction is finalized and completed. We can also explain and summarize complex provisions in the agreements that can run in tens or hundreds of pages. Translating these complex provisions into simple English so you can understand it before signing anything is essential for a commercial real estate attorney. Should you need legal representation in commercial real estate, we, at the law offices of Albert Goodwin, are here for you. We are located in New York, NY. You can call us at 212-233-1233 or send us an email at [email protected].