What is the Role of Commercial Real Estate Lawyer NJ?

Introduction

Commercial real estate in New Jersey can be complex. Therefore, it is essential to have an experienced real estate attorney on your side. The Commercial Real Estate Lawyer NJ have decades of experience successfully representing buyers, sellers, developers and owners through intricate New Jersey Commercial real estate transactions.  

They represent parties in successful transactions involving retail space, industrial property, vacant land, apartment buildings, multi-family developments and a wide variety of other commercial property such as:-

New Jersey Commercial Real Estate Transactions

These lawyers represent the clients through every phase of commercial real estate transactions, right from location of suitable property to closing the deal. They help parties negotiate and draft contracts for the sale of real estate which protect their rights under New Jersey real estate law. They also help the clients through the difficult due diligence process, including compliance with New Jersey’s Industrial Site Recovery Act.

Commercial Real Estate Lawyer

Tax Issues

The Commercial Real Estate Lawyer NJ also have significant expertise in counselling and representing buyers and sellers of commercial property on the tax consequences of their transactions. They help the clients plan minimize their federal and New Jersey tax burdens. They also handle tax appeals for all the types of issues, from simply an incorrect assessment to illegal “spot assessments.”

Partnership Issues

Purchasers and owners of commercial real estate might form a business entity to handle a transaction.  This may be a larger developer which creates a separate company for each project. The Lawyers may provide guidance and assistance with the same.

Leasing and Tenancy Issues

The tenancy issues are involved in commercial real estate transactions. They negotiate and draft leases and represent both the landlords and tenants in lease disputes, right from the non-payment of rent to eviction, in all of the New Jersey’s courts.
 
Financing

Financing for commercial real estate transactions is extremely complex. Not only are the repayment terms such as interest important, but so are terms regarding the collateral and security. The Commercial Real Estate Lawyer NJ are experienced at negotiating with lenders, and drafting and revising commercial financing documents.

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