Meeting Legal Needs Associated With Commercial Property And Development
Commercial real estate is a broad area encompassing numerous legal requirements and logistical challenges. Transactions range from a construction loan closing (which may include a title examination, a zoning compliance letter and issuance of a title insurance policy) to every step of the acquisition, development, construction and sale of commercial, industrial or residential developments.
To facilitate a smooth completion of plans in your commercial real estate endeavors, keep in mind the importance of having an attorney through all stages of commercial property transactions and development. At Alphen & Santos, our attorneys are available to help clients in multiple ways. We bring more than 30 years of experience to the table, and we have earned the respect of legal peers and past clients alike.
Many of the services that we provide to our commercial clients are described below. In all cases, the level of assistance that we offer varies according to the needs and abilities of each individual or organization.
Commercial Purchase And Sale Agreements And Negotiations
In the acquisition process, clients need representation in the negotiation of purchase and sale agreements. Negotiation issues can include:
- Due diligence provisions
- Zoning and title contingencies
- Permitting contingencies
- Financing contingencies
- Seller financing provisions
- Environmental contingencies
- Extension provisions
- Liquidated damages provisions
Counsel for a commercial developer is customarily responsible for providing much of the documentation required by construction lenders as part of the construction loan and mortgage process. Counsel is often required to provide a wide variety of documents, including:
- Enforceability opinions
- Zoning compliance letters
- Title insurance policies
- Certificates of legal existence
Counsel will often review and comment on the proposed loan documents prior to the closing date to be certain that the terms match the requirements of the commitment letter.
Sales And Leasing
Counsel also can participate in the ultimate sale or leasing of the completed premises by preparing and negotiating leases or purchase and sale agreements. In residential developments, the developer’s counsel can support all aspects of the sale transactions by:
- Assisting the brokers in developing marketing information and drafting purchase and sale agreements, and negotiating agreements
- Addressing title issues raised by the buyer’s counsel
- Preparing deeds and other documents required for closings
- Representing the seller at the closing
How We Can Help You Pursue Your Goals In Commercial Real Estate
Perhaps you need a zoning opinion letter or advice on land use regulation compliance. For any commercial real estate matter, we are ready to customize our advice and assistance. Schedule a consultation at your convenience. Contact our firm at 978-692-3107 or send us an email message to learn more.