Commercial Real Estate Purchases
If you are purchasing a space in which you plan to operate your business, it is important that your interests are protected. A commercial real estate transaction is far more complicated and involved than a typical residential real estate transaction. A commercial lender will require stringent due diligence to be conducted prior to closing on a loan. In addition to a title search and review, the lender typically requires a zoning and environmental review, a review of your business assets and finances, and a full survey of the land. It is essential that you have experienced counsel to advise you throughout the process and to coordinate the due diligence that is necessary in a commercial transaction.
Our attorneys are equipped to help you through the entire commercial real estate transaction from beginning to end and beyond. Our real estate attorneys will help you navigate the due diligence process including:
- financial and environmental review,
- advise you on which type of entity to form to hold title to the property, and
- negotiate, review and draft the transactional documents.
Commercial Leases
Once you have signed a lease and move into a space, it is often too late to negotiate better terms. Unlike a residential lease, most of the terms of a commercial lease are not regulated by Massachusetts law. Commercial leases are riddled with terms and provisions that have a direct impact on the operation of your business. As such, it is important that you have an attorney familiar with the nuances of commercial leases review yours. Commercial landlords are usually very well versed in negotiating lease terms and often include onerous terms in their leases. Our real estate attorneys will work with you to ensure that your interests are protected and that the lease accurately reflects the deal that you negotiated with the landlord. A clear and fair commercial lease can help save you time and money in the future.