Whether you plan on buying, selling or leasing commercial real estate, there are a number of problems that may arise. In some instances, these problems can be so serious that they may prevent a real estate deal altogether. There are many different pitfalls associated with commercial real estate transactions, such as contract disputes and zoning issues. By avoiding these complications or handling them appropriately when they arise, you may be able to close the deal in a more timely and efficient manner.
There are a number of things to keep in mind if you are concerned about potential issues related to a commercial real estate transaction. First of all, it is essential to carefully go over a contract before signing and make sure that the terms are clearly understood by all parties. In the event that a dispute arises over any aspect of a contract (or any other issue), it is crucial to do what you can to resolve the dispute appropriately. We know that some disputes are contentious regardless of the efforts of one party, but if you are able to reduce negative emotions and communicate with all parties involved, you may be able to resolve the dispute in a way that minimizes complications.
Commercial real estate deals can be very stressful and may also bring up uncertainty since there are many different issues that can arise. Our law office has covered some of the challenges related to commercial real estate and our real estate law section has more on real estate transactions.