Top 3 Reasons for Hiring a Commercial Real Estate Attorney
Hiring a Fort Lauderdale commercial real estate attorney during your next commercial real estate deal can help you avoid a costly mistake. Business owners and investors can benefit because an experienced attorney can eliminate and identify risks that may not be obvious. Your attorney can help you negotiate the contract and offers you an unbiased second opinion about every aspect of the deal that you are engaged in. Below are three of the top reasons why you should consider hiring an attorney before or during your next commercial real estate deal:
Reason #1 – Your attorney will catch any risks to you
The main reason you want to hire an attorney is because any risks to you will be mitigated. When you need to negotiate long term leases with a tenant or with a commercial property owner, you will always want to work with an attorney so that they can review every detail of your contract. You never want to enter into any commercial negotiations without an attorney present, and the money that you think you might save by not hiring an attorney will end up being minimal compared to the money you can lose on a bad deal.
Reason #2 – Your attorney will help you negotiate your deal
Negotiations can quickly become emotional, and your attorney is an objective third party who can help you negotiate the terms of your commercial real estate purchase or lease. This can be very helpful when negotiations are about to break down. Having an attorney present can help resolve disputes quickly and save a deal from falling through. Your attorney can also help you negotiate the most favorable deal possible so that you save the most money in the long term.
Reason #3 – Your attorney will help you meet deadlines
Deadlines are critical when it comes to commercial real estate deals. A Fort Lauderdale commercial real estate attorney can help you meet deadlines and ensure that the deal stays on track for the time frame that you expect to complete it in. Sometimes sellers drag their feet, and in these cases it is helpful to have an attorney there who can move the process along and get paperwork completed on time. Your attorney will work with you to ensure that everything is ready by the date that you want to close the deal.
If you need representation during a current or upcoming commercial real estate deal, contact Mark Schecter at Schecter Law today for a consultation.