Commercial real estate is any property that can be leased to generate income. These properties include land, offices, industrial, retail and other commercial spaces that can be used for business purposes.
Commercial real estate is classified into six main categories: office, land, multi-family, industrial, retail and miscellaneous category.
Commercial real estate law practice involves a highly complex and varied set of activities that are centered on the title, sales and acquisition, leasing, environmental, land use, joint ventures, development, workouts and restructuring.
Zapicchi & Liller is a full service real estate law firm that offers expertise in commercial real estate legal services.
We represent the sellers and buyers in the disposition and acquisition of the different categories of commercial estate. We examine and evaluate real estate titles as well as negotiate insurance policies of the titles. We advise on the land use and environmental issues as stipulated by the environmental laws.
We help in preparation of construction and development agreements and other necessary documents required for developing a commercial real estate. We offer representation of borrowers and lenders in real estate secured loan; advise borrowers, lenders, landlords, partners, and other developers when the real estate transaction goes bad on restructuring and workouts.
Investing in commercial real estate has numerous advantages to the owner as compared to the residential property owner.
There are also potential risks that commercial real estate owners are exposed to. The risks may include fire damage, terrorist attacks and other unforeseen risks.
Commercial real estate investors need to engage law firms to negotiate for better insurance policy terms to cover the potential risk.
Our experienced staff will help you negotiate insurance policies that will cover all the potential risks.
Real estate professionals need to be well versed with the laws and regulations related to real estate. Each state has its only requirement in relation to the education level, the depth and type of examination and whether there is need for education courses to be taken by a licensed commercial real estate agent.