Commercial Sale Attorney Deerfield Beach:
Important Legal Considerations
When it comes to buying or selling commercial property, make sure you have the proper legal expert to guide you throughout the process. With a Commercial Sale Attorney Boca Raton to help you, they can scrutinize contracts more and see if there are any legal complications that can haunt you in the future.
- Freehold or leasehold – Freehold owners generally control and own all of the property: the land itself, any structures on it, the subsoil below etc. With leaseholds, the owner contractually holds the interest for set period limited to the length of the lease. Pick which one is beneficial to you.
- Cash buyer or loan – Cash is preferred in commercial properties. If you are using a loan provider then keep them updated every step of the way.
- Tenants – It is ideal to have an immediate rent roll which allows you to accurately budget your costs going forward: the rent is fixed, you are paid in advance and rent reviews generally increase.