The commercial real estate lawyers in West Palm Beach, Florida at Harrington Legal Alliance can assist you with your commercial real estate sale or purchase and can assist you with commercial real estate leases. Commercial real estate is any property used for business. Commercial real estate can include storefronts, shopping centers, office space, warehouses, and any other space used for commercial purposes. Companies or individuals who purchase commercial real estate can either use it for their own business or lease out commercial space to other companies and businesses. Some examples of commercial real estate include:
- Shopping Centers
- Stores
- Offices
- Retail
- Hotels
- Restaurants
- Healthcare Facilities
- Warehouses
- Factories
- And more
Commercial real estate often comes with legal concerns that individuals investing in residential real estate may not have to consider. For example, commercial real estate users must follow zoning laws, land use laws, and environmental laws. When purchasing or leasing commercial real estate for a specific purpose, it is important to make sure that relevant laws don’t exclude your intended business activity. If you are considering purchasing, selling, or leasing commercial real estate, it can be helpful to have a lawyer assist you with your commercial real estate transaction. The commercial real estate lawyers in West Palm Beach, Florida at the Harrington Legal Alliance can help you with your commercial real estate purchase, sale, or lease. We can review all contracts, review titles and perform title searches, and help you with the closing process. Purchasing commercial real estate as an investment property or leasing commercial real estate can be a major step for any investor or business. Understanding your rights and the law is crucial. The commercial real estate lawyers in West Palm Beach, Florida at Harrington Legal Alliance are here to help you.
Negotiating Commercial Real Estate Leases
A commercial real estate lease can involve many moving parts. Failing to understand the terms of your lease or failing to clearly delineate the terms of your real estate lease could cost you. A commercial real estate lawyer in West Palm Beach, Florida can take out the guesswork and ensure that your commercial real estate lease is clear and thorough (if you are a real estate investor leasing out commercial real estate). If you are considering leasing commercial real estate, a commercial real estate lawyer in West Palm Beach, Florida at the Harrington Legal Alliance can read through your lease contract and help you understand its terms.
If you are a business in need of leasing commercial real estate, here are some things to consider when reviewing the lease:
- Who will be responsible for paying for utilities, you or the property owner?
- Who will be responsible for paying property taxes, you or the property owner?
- Who will be responsible for maintenance fees, you or the property owner?
- Who will be responsible for paying insurance, you or the property owner?
Different types of commercial real estate leases include and exclude certain costs.
- A full service or gross lease covers only rental fees and places the responsibility of paying property taxes, maintenance fees, and insurance on the landlord. It is important to read the fine print of these contracts because sometimes they may still require tenants to pay a certain share of maintenance fees and other expenses.
- With a net lease, tenants pay rental fees plus a share of maintenance fees, operating expenses, property taxes, and insurance. There are different types of net leases. Some net leases require the renter to pay all maintenance fees and expenses, while other net leases will require renters to only pay for certain maintenance fees and expenses. Before signing a lease agreement, it is important to read the agreement thoroughly to understand what you will be responsible for paying.
Key Takeaway: If you are planning to rent or lease commercial real estate, contracts are important. When determining your business expenses, it is important to factor in how much your rental expenses and other fees will be. The type of lease agreement you have will determine these costs. Carefully reviewing your lease agreement is essential. If you are a commercial real estate landlord, the commercial lease agreement is the foundation document when it comes to collecting rental income and any other expenses you want your tenant to pay. Failure to clearly outline what will be covered by your tenant and what expenses will be covered by you could lead to lost income, confusion, and potential litigation. The commercial real estate lawyers in West Palm Beach, Florida at Harrington Legal Alliance work closely with business owners and real estate investors. We can read over your lease if you are thinking of leasing commercial real estate to help you understand your rights and responsibilities. If you are a commercial real estate investor, a commercial real estate lawyer in West Palm Beach, Florida can help you draft a commercial real estate lease agreement that works best for you.
Commercial Real Estate Transaction Lawyer in West Palm Beach, Florida
There are many moving parts when it comes to buying or selling commercial real estate in West Palm Beach, Florida. The West Palm Beach, Florida commercial real estate lawyers can help you with all aspects of your commercial real estate transaction. We can assist with closing, drafting contracts, title searches, title insurance, and offering legal guidance on zoning laws, land use laws, and environmental laws that may be relevant in your commercial real estate sale and transaction.
Commercial real estate can be a major investment. In this changing market, there may be many motivated sellers and buyers looking for cash deals and other investment opportunities. Understanding land use laws and the potential of a given location or commercial property is incredibly important. Commercial real estate is a rapidly evolving area of real estate investment with real estate investors getting creative with their uses of commercial real estate. With this great potential also comes risk, but also incredible opportunity. Understanding the law, including zoning laws and laws regarding renovations and improvements is very important, as this can limit your options or potential income on a given property. The commercial real estate lawyers in West Palm Beach, Florida at Harrington Legal Alliance are here to help you navigate the many legal challenges and opportunities that can arise in this rapidly changing market.
Contact a Commercial Real Estate Lawyer in West Palm Beach, Florida
Call 561- 253-6690 for a FREE consultation. The commercial real estate lawyers in West Palm Beach, Florida at Harrington Legal Alliance are here to help you with your commercial real estate purchase, sale, and lease. Whether you are thinking about investing in commercial real estate, want to sell commercial real estate, are a commercial real estate investor looking to lease out the square footage, or a business owner looking for a new location, looking to expand, or looking to start up a new business, the commercial real estate lawyers in West Palm Beach, Florida at Harrington Legal Alliance are here to help you. Contact our attorneys today to learn more about your options and rights. Commercial real estate contracts can be complex, but you don’t have to navigate the process alone. Reach out to the commercial real estate attorney in West Palm Beach, Florida at Harrington Legal Alliance today.