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.
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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