Commercial Real Estate Purchases and Sales
Buying a commercial building, including an office building, a strip mall, an industrial facility or any other structure to be used for commercial purposes, is a major investment, whether you are purchasing it to rent out or to use for your own business. The same is true for land you intend to develop for commercial use. You need to know that the property can be used for your intended purpose, that there are not environmental or regulatory obstacles or risks associated with the property, and that you are getting the best possible price for the property.
Selling commercial real property is an equally significant transaction. You want the full value of your property, but how will you know you are getting it. There are risks involved in entering into an agreement with a long feasibility period. And there are many legal requirements involved in the sale of real estate. Assessing these risks, following all applicable requirements, and negotiating the best possible terms are all vitally important. Your goal should be to obtain the best possible price for your property on your time frame, and have no liability exposure after the sale has closed.
Washington Lawyer for Commercial Real Estate Transactions
For an experienced Washington real estate lawyer who can help guide your commercial property transaction, you can turn to Joyce Schwensen. Commercial real estate deals have many, many details that one must examine, and any one of them could make a tremendous difference in your transaction and whether you'll be able to execute your plans. Joyce Schwensen is a diligent and thorough attorney who can examine those details for you and help you abide by all relevant legal requirements. Call (206) 367-1065 today to schedule a consultation.
Law Offices of Joyce S. Schwensen serves clients throughout the Seattle area, including Bellevue, Renton, Kent and anywhere in King County. Joyce Schwensen may also represent clients throughout Washington State.
Commercial Real Estate Information Center
- Performing Due Diligence for Seattle Commercial Property
- Purchase Agreement for Washington Commercial Real Estate
During due diligence, the buyer tries to find out everything knowable about the property they are seeking to purchase before closing or making any commitment to buy the property. Thorough due diligence can avoid discovering after the sale that the property is not what the buyer thought it was.
Without proper due diligence, you may not be able to make a claim against the seller, or making a claim might be very difficult. As a Washington real estate attorney, Joyce Schwensen can help you protect yourself before closing a sale so that you have your full legal options.
When buying or selling commercial real estate, you want the smoothest transaction possible. Any mistake or ground left uncovered could lead to misunderstandings that can significantly complicate the deal, or even kill it.
Your Washington real estate attorney can negotiate the right price on the best terms for you. Once the fundamental terms are hammered out, it's important that the formal purchase and sale agreement be drafted in such a way that covers everything necessary to successfully conclude the transaction. A well-prepared purchase agreement can prevent many headaches and costly errors, and protect you from liability for years to come.
If you are purchasing an office building, strip mall, shopping mall or other building with existing commercial tenants, it's important to review the terms of those leases. If you intend to move into the structure for your own business purposes, you may not be able to until the current tenant's lease expires, and may even have to go through eviction procedures to gain occupancy of the space.
If you are selling a building with a tenant, you may be liable to the buyer if the tenant stays in place. An experienced attorney can review every detail of the transaction and advise you on the best path forward.
Law Offices of Joyce S. Schwensen | Seattle Attorney for Commercial Property Transactions
Joyce Schwensen has handled commercial transactions for both buyers and sellers, including office buildings, apartment complexes, strip malls, raw land, partially developed plats, and even agricultural properties. As an very experienced Washington real estate attorney, she can help guide you through all aspects of your commercial real estate transaction.
Diligent and thorough, Joyce Schwensen will pay careful attention to all details, protect your interests throughout the transaction, and help you have the smoothest transaction possible. Call Law Offices of Joyce S. Schwensen today at (206) 367-1065 to set up your consultation.