Hello, my name is Susan Farris and my hobby is learning about the law. I have an uncle who is an attorney and I've always looked up to him and that's why I find subjects on law very interesting. Through speaking with my uncle and doing research on my own, I've learned about all the different fields of law. Each field of law centers on its own subject and most attorneys specialize in a certain area of law. These include criminal, personal injury, family, bankruptcy, criminal, immigration and business. I find each one of these fields very interesting and I have the utmost admiration for lawyers because they help people through their legal struggles. I wanted to share this information with others who have questions about the different types of attorneys and the law.
If you have found a building or piece of land that you want to buy, you want to be sure that the entire transaction goes off without a hitch. You want to come out of the purchase owning the property legally, and you don't want the contract that you sign to be contested in court.
However, the real estate laws where you live might be confusing and complex, and you may not know how they apply to your property acquisition. Instead of handling the purchase entirely on your own, you can hire an experienced commercial real estate lawyer to represent you during it.
Translating the Contract
The actual contract involved with buying real estate may contain legalese that you do not understand and have no idea of how to translate. Even if you read through it several times, you may have no idea of what the contract is saying or what is expected of you as a signer.
When you retain a commercial real estate lawyer, however, you can have him or her translate the contract and explain it fully to you. Your attorney can tell you what the contracts asks of you, what you are agreeing to when you sign it, and what loopholes exist in it if you need to exit the contract legally.
Processing Paperwork
Your commercial real estate lawyer can also gather and process the paperwork needed to buy the property or building. After you sign the contract, for example, you may need to get it processed with the county court or county treasurer's office right away. Instead of you taking it to the county offices, you can have your commercial real estate lawyer send it via courier and make sure that it gets to the right county clerk.
Applying Laws
Finally, your commercial real estate lawyer can make sure that the laws in your state work to your advantage in the transaction. If the law gives you 72 hours to void the contract, for example, your lawyer can make sure that you exercise this time limit if you change your mind about buying the property.
Your commercial real estate lawyer provides a number of critical services for property buyers like you. He or she can explain complex contracts and help you understand them before signing. He or she can also process and file paperwork for you and can make sure laws apply to your case.
Share30 September 2021
