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Why You Need to Hire a Commercial Real Estate Attorney before Your Next Deal

Posted on: August 25, 2015

Hiring a Fort Lauderdale commercial real estate attorney during your commercial property search is always a good idea. Your attorney can save you a substantial amount of money by catching potential problems with your deal and speeding the process up. Commercial real estate purchases and leases can be very complex, even for those with experience.

Commercial real estate laws are also complicated and can be hard to figure out for business owners and investors. Just a few of the laws that need to be considered before your next deal include environmental and zoning laws, construction laws, insurance laws, and many others.

Your attorney will review the contract and reduce your risk

The legalese of a commercial real estate contract can be quite difficult to understand. One of the most important tasks that your attorney will perform is reviewing the full contract and checking for any unfavorable terms that can end up backfiring in the future.

Many potential pitfalls can be easily avoided with a second set of experienced eyes reviewing the contract before you sign it. If your contract needs to be modified in any way, your attorney will catch it prior to your commitment to sign.

Your attorney can negotiate on your behalf

Negotiations on price and contract terms can very quickly become heated in a commercial real estate deal. Hiring an attorney early on the process is always a great idea for negotiation purposes.

Your attorney can negotiate the most important terms of your contract on your behalf and save you the time and the stress of having to deal with the landlord on your own without any help. Your attorney acts as a third party with your best interests at heart who can step in and negotiate critical terms and the price when needed.

Hiring an attorney will help you move the deal along

Commercial real estate deals are often very important to the success of a business, and time is money. If the deal is becoming stagnated in any way, it can cost both parties valuable time which ends up hurting everyone.

When you hire a Fort Lauderdale commercial real estate attorney, the process will move along much faster because you will have an experienced advisor and negotiator who will take care of some of the most time consuming aspects of your deal.

If you are involved in buying or leasing a commercial property, contact Mark Schecter at (954) 779-7009 today for a consultation or for advice regarding your deal.