Whether you’re a landlord looking to rent or sell a property or a business looking for a new location, it’s important to understand the nuances of buying, selling or leasing commercial real estate and the legal effects of the terms of the transaction. It’s important to understand what a commercial real estate lawyer does in order to understand what qualities you should look for when hiring representation. Keep reading to learn more and discover why you’ll need the help of a Travis County, Texas commercial real estate lawyer to help with any buying, selling, developing, leasing or financing real estate.
What Does a Commercial Real Estate Lawyer Do?
Before hiring an attorney, it’s important to understand what a commercial real estate lawyer actually does. Some people involved in real estate are unfamiliar with the specifics of this profession, so they do not know what to look for when searching for an attorney.
Having a lawyer to assist with purchasing, selling, developing, leasing or financing commercial properties isn’t just to scare the other party into remaining honest. These attorneys will help protect your best interest by negotiating leases and loan documents, explaining zoning laws, navigating litigation risks, and handling multi-faceted transactions, among other things. Generally, any time you are dealing with purchasing, selling, developing, leasing or financing a commercial property, you’ll want to ensure you have an experienced attorney ready to help.
What Qualities Should I Look for When Hiring a Lawyer?
One of the most essential things you should consider when looking for a commercial real estate attorney is someone with the experience necessary to fully understand your circumstances. A seasoned attorney can see the transaction from all sides, understand the concerns of your counterparty, and anticipate problems and opportunities. You’ll want to ensure you invest in the assistance of an attorney who has the schooling and professional experience necessary to offer you the best advice possible.
There are many complexities to commercial real estate law, so you may want to consider hiring an attorney who practices only in this area of law. They will be more adept to handle the transaction, as they are much more familiar with the circumstances of your situation as they spend all of their professional time focusing only on commercial real estate.
It’s also essential to consider whether or not an attorney is looking to give you honest and effective advice. Unfortunately, like any profession, some attorneys will tell you what you want to hear, whether it’s the truth or not. Other attorneys are great at pointing out problems and telling you why something can’t be done. However, these approaches are of limited help, at best. Instead, find an attorney who is honest about the situation and what your legal options are, isn’t afraid to tell you when he disagrees with you, and who understands that your goal is to complete the transaction in a successful way, not just to find reasons to not do the deal. Not only does this help you save time and money and avoid missed opportunities, but it also illustrates that they have your best interest in mind. That is exactly how our team at PropLaw operates.
If you’re getting ready to engage in any kind of commercial real estate transaction, it’s imperative to enlist the help of an experienced attorney from PropLaw. Our dedicated legal team will work with you to help you achieve the best possible outcome for your circumstances. Contact us today to learn more about how we can assist you with your commercial real estate needs.