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How do I protect myself in commercial real estate transactions?

On Behalf of | Apr 17, 2023 | Commercial Real Estate, Contract Disputes, Real Estate Law

Commercial real estate transactions are complex and often involve significant risks and liabilities for the parties involved. Whether you are buying, selling, leasing or developing commercial property in New York, New York, you need to protect your legal interests and avoid potential pitfalls that could jeopardize your investment or expose you to litigation. At Codispoti & Associates, P.C., we are well positioned to protect you from those pitfalls.

Legal representation

One of the best ways to protect your legal interests in New York commercial real estate transactions is to hire an experienced and reputable attorney who specializes in this area of the law. A commercial real estate attorney can help you with various aspects of the transaction.

This includes negotiating and drafting contracts and agreements that reflect your goals and protect your rights. It also includes conducting due diligence and title searches to identify and resolve any issues or defects with the property, and obtaining and reviewing zoning, environmental and other permits and approvals required for the transaction.

Moreover, we can advise you on tax implications, financing options and insurance coverage for the transaction. And, we can represent you in any disputes or litigation that may arise from the transaction or real estate contract.

Tips to avoid contract or real estate litigation

Another way to protect your legal interests in New York commercial real estate transactions is to be informed and proactive throughout the process. You should communicate clearly and frequently with your attorney, broker, lender and other parties involved in the transaction. Always review and understand all of the documents and terms of the transaction before signing or agreeing to anything. Ask questions and seek clarification whenever you are unsure or have concerns about any aspect of the transaction.

Keep records and copies of all of the documents and correspondence related to the transaction. Monitor the progress and performance of the transaction and report any issues or problems as soon as possible. By following these tips, you can protect your legal interests in commercial real estate transactions and ensure a successful outcome for your business goals.