Buying commercial real estate is typically not a task the uninformed should take on alone. It is a complex process that is fraught with many potential pitfalls. Here are some of the most frequent issues that can arise when closing on commercial property, and how legal...
Year: 2024
What are the dangers of a short sale?
Life happens – and sometimes the financial twists and turns you experience are wholly unexpected. If you find yourself suddenly unable to pay your mortgage, you may be contemplating a short sale to get out from under the bill. A short sale is when a property is sold...
Does the seller have to disclose defects?
You are purchasing a new home, and everything looks to be in order. The seller assures you that the house is in great condition and it is fairly new. You decide not to have a home inspection done, and you close on the house. A few months down the line, you discover...
Are electronic signatures valid in real estate transactions?
Electronic signatures have increasingly become common in today’s digital age, quickly replacing traditional handwritten signatures. They offer convenience and efficiency, speed up the transaction process and reduce the need for physical paperwork and storage. That...
It is risky for tenants to break a commercial lease in Arizona
Life throws a few curveballs occasionally, making it necessary to end certain working relationships earlier than intended. For instance, you might need to exit a business lease sooner than anticipated. The problem is that commercial lease agreements are legally...
Intellectual property in real estate transactions
Intellectual property (IP) issues are increasingly consequential in matters involving commercial real estate transactions. As businesses become more reliant on technology and branding, working to ensure that IP concerns are addressed in real estate contracts may be...
Do home buyers need a post-closing occupancy agreement?
There are many different contractual inclusions that can protect those purchasing a new home. Home buyers may add contingencies to their offers in case they need to back out of the sale or add other terms that protect them during the complex transaction. The right...
With inherited real estate, are ownership percentages equal?
Situations can get a bit complicated when multiple people inherit real estate. This could happen when a parent leaves a family home to multiple siblings, for example. It is also very common with vacation properties. Even if all of the siblings already have their own...
A quiet title action can enhance your property’s marketability
When selling your home, you want to make the most out of the deal and get the best value for your property. A quiet title action can help you achieve this by clearing any uncertainties or disputes about the property’s ownership. This legal process is aimed at...
3 essentials every contract should have
As a business owner, a lot will ride on your contracts. They help define relationships with everyone from your employees to your suppliers and clients to the person who comes to clean your space. A poorly made contract invites problems and can leave you vulnerable if...