If you are a commercial real estate investor working on a multifaceted deal, you may find hiring an attorney essential for your transaction. There are multiple benefits derived from hiring a legal expert to help you work on a complex deal. First, an attorney will assist you in identifying, negotiating and managing the risk. A competent commercial real estate attorney will look at the details of the deal, along with any local ordinances and/or state law objectively then help you draft and negotiate the contract.
Some important scenarios when you will need assistance of a commercial real estate attorney
It is important to check the complexity of the transaction. For example – if you are generating a standard Letter of Intent, there may not be any need for extensive attorney review. However, when you are all set to execute a contract, you should hire an attorney to complete a thorough review of the deal. This is to ensure your contract contains all the important points and accurately memorializes the transaction.
You need to analyse how much risk is connected with your commercial real estate transaction.
The advice of a competent commercial real estate attorney becomes compulsory if you feel at any time that your negotiations are getting emotional. The legal expert can make the transaction more objective to mutual benefit of both parties.
You will need legal help when the timing is critical and deadlines need to be met. Your attorney will make sure you do not lose a deal or your hard-earned money.
When you are considering using a leading commercial real estate attorney, look no further than Law Offices of Christopher Glenn Beckom. We are one of Southern California’s the most trusted commercial real estate law firms.