Business owners frequently enter into commercial transactions thinking that the paperwork seems straightforward enough and there’s no need to consult with legal counsel. Unfortunately, though, that decision often leads to unforeseen consequences. For instance, a seemingly forthright agreement was more complex than it first appeared, and the people involved suddenly find themselves facing a legal dispute.
There are many factors to consider when you’re looking to rent, buy, sell, or lease a commercial property, especially if you’re new to the business market. More experienced renters and buyers won’t hesitate to get the best deals they can for themselves — often to the detriment of your business. That’s why you should always start by consulting with an attorney on commercial real estate matters.
Common Commercial Real Estate Disputes
Before you draw up any paperwork, enter into any contracts, or even go look at any properties, consult with an experienced business law attorney. Otherwise, you may find yourself facing any number of real estate disputes. Here are just a few concerns that could arise if you don’t take necessary precautions:
- Issues relating to title and seller authority
- Purchaser agreement disputes
- Zoning issues
- Property usage
- Deposits and payments
- Maintenance and repair duties
- Early termination
- Subleasing disputes
The good news is that the vast majority of legal disputes can be avoided with proper planning, and many more can be resolved even after the fact. The key to keeping your business out of trouble is eliciting appropriate legal counsel whenever you run into a question or concern.