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Commercial Real Estate Lawyer in Los Angeles, California
To different people, commercial real estate properties hold various meanings. It could be a valuable investment, a source of steady income, or a place to run a business. Regardless of the perspective, a commercial real estate transaction is a significant decision that could have financial and professional impacts. Therefore, it’s essential to safeguard your interests. The best approach to achieve this is to engage an experienced Los Angeles commercial real estate lawyer to help guide you through the process.
EJP Law, P.C. provides legal representation for commercial real estate transactions in Beverly Hills, West Hollywood, and the greater Los Angeles area. We have a comprehensive understanding of purchase contracts, lease agreements, and the corresponding government regulations. If you are looking to buy, sell, or rent a commercial property, we can assist you in achieving your goals by securing a transaction that is advantageous to your interests.
Protecting Your Rights In Commercial Real Estate Law
Our commercial real estate attorney in Los Angeles can provide assistance whether you are buying property for a new business or dealing with a real estate-related conflict. We offer representation for partnerships, investors, brokers, real estate owners, developers, and other individuals involved in commercial real estate matters, such as:
- Business formation and support for investors in commercial real estate
- Negotiating, drafting, and review of purchase and sale agreements, construction contracts, and other real estate documents
- Performing due diligence
- Reviewing mortgages and financing options
- Reviewing and drafting residential and commercial leases
- Reviewing and drafting easement agreements
We can assist you not only with commercial real estate deals in California but also with disputes related to real estate and construction. Our services cover mediation, arbitration, and litigation. We can be your advocate in handling issues involving your rights, including:
- Real estate LLC, partnership, or joint venture disputes
- Title issues
- Boundary and easement disputes
- Zoning, land use, or regulatory disputes
- Commercial leasing conflicts
- Allegations of failure to disclose defects
- Defense of premises liability business law claims
Purchase Contract Review and Negotiation
When dealing with commercial real estate transactions, big business entities are often involved, and the properties being exchanged can be worth millions of dollars. As compared to a typical residential real estate deal, the stakes are much higher, and the negotiation process for purchase contracts can be more complex. Our approach involves getting to know your transaction objectives and priorities, reviewing the contract thoroughly to ensure its alignment with your needs, and advocating for terms that safeguard your interests.
Throughout the transaction process, we provide assistance with crucial matters. If you’re a buyer, we can assist you by evaluating financing agreements and steering you through requirements for escrow and exchanging funds. Additionally, we can support you in conducting due diligence, title searches, and requests for information from the seller as part of the due diligence process. As a seller, we can help you prepare the necessary property disclosures mandated by California state law and any other documents you need to present to the buyer. Our Los Angeles commercial real estate lawyer can also assist you in making sure that the buyer fulfills their responsibilities as stated in the purchase agreement.
Legal Assistance With Commercial Leases in California
When dealing with commercial real estate, leases are truly important transactions. It is vital for property owners and lessees to safeguard their own interests before entering into a lease agreement. To achieve this goal, we assist property owners in creating commercial lease agreements that outline expectations for lessees and shield owners from liability and financial damages.
Our services include assisting business owners and lessees in selecting the most suitable lease type and examining and bargaining lease agreements with property owners. We also provide guidance to lessees to ensure that they are aware of their financial responsibilities under the lease and comprehend their authorization to utilize and modify the property.
Compliance With Governmental Regulations
When engaging in commercial real estate transactions in California, it’s important for both the buyer and seller, or the lessor and lessee, to also take into account any regulations from local, state, and federal governments that may impact the transaction. This could include zoning ordinances that dictate what the property can be used for and what types of modifications are allowed.
To ensure that a commercial property adheres to land use and environmental regulations, as well as building codes that guarantee safety and health, it is crucial to work alongside a commercial real estate lawyer in Los Angeles, California who has in-depth knowledge of how to navigate the various governmental entities involved in the process. The regulations can be complex and require legal expertise to achieve compliance.
What Does a Typical Commercial Real Estate Transaction Look Like?
Commercial real estate transactions are similar to residential real estate deals. There are differences in the details, lending, and some of the legal work, but generally, commercial real estate deals include the following steps:
- Initial discussions and negotiations: The process typically starts with the buyer expressing interest in a property and entering into negotiations with the seller. The parties may exchange letters of intent or term sheets outlining the general terms of the deal. The deals can be found by the buyer or buyer brokers. The deals can be listed or an off-market/pocket listing that is not public.
- Due diligence: Once the parties have agreed to the general terms of the deal, the buyer typically conducts due diligence on the property. This may include reviewing financial and operating records, conducting inspections and appraisals, and obtaining title and environmental reports.
- Purchase and Sale Agreement: Once the due diligence is complete, the parties will negotiate and sign a Purchase and Sale Agreement (PSA), which outlines the specific terms of the deal, such as the purchase price, closing date, contingencies, and other important details.
- Financing: The buyer may obtain financing for the purchase of the property, either through a loan or through other means such as joint venture or crowdfunding.
- Closing: Once all of the contingencies in the PSA have been satisfied or waived, the parties will schedule a closing date. At closing, the buyer will typically pay the purchase price and the seller will transfer ownership of the property to the buyer. The parties will also execute various closing documents, such as deeds, bills of sale, and other legal documents.
- Post-closing: After the closing, the buyer will take possession of the property and assume responsibility for its operation and maintenance. The seller may also be required to take certain post-closing actions, such as delivering certain financial statements or other documents.
Of course, the specific details of each commercial real estate transaction will vary depending on the property, the parties involved, and the terms of the deal. The process can be complex and involve many legal and financial considerations, so it’s important to work with experienced professionals such as attorneys, real estate brokers, and accountants throughout the process to help ensure a successful outcome.
Contact Our Los Angeles Commercial Real Estate Lawyer Today
Get ready for your commercial real estate transaction with confidence by seeking the assistance of EJP Law, P.C., P.C. Our Los Angeles commercial real estate lawyer provides expert legal counsel to help you overcome any issues you may face in the short and long run. Contact us today at 424-421-5114 for a consultation, we are available to clients all over California.
All information provided is for educational purposes only, does not constitute legal advice, and does not establish an attorney-client relationship.