Experienced Guidance With Commercial Real Estate Transactions
Commercial real estate transactions require more due diligence than those involving residential properties. To protect your interests, you should consult an attorney early in the process.
At the Clemson law firm of Aaron & Aaron, our commercial real estate transaction lawyers handle all types of commercial sales and purchases, including those involving real estate development. We represent buyers, sellers, lessors and lessees.
How Are Commercial Transactions Different From Residential Transactions?
Commercial real estate transactions in South Carolina are different from other types of real estate transactions in a number of respects. For example:
Contracts: Residential transactions typically use standard purchase agreements. Commercial transactions and leases often involve custom contracts that favor the interests of the seller or lessor.
Zoning: If you are buying commercial property, you need to be sure that the zoning is appropriate for your intended use.
Easements and rights of way: Commercial properties may contain easements and rights of way that affect your plans for the property.
Environmental issues: Residential properties may contain environmental issues such as buried fuel tanks, asbestos, lead and other toxic materials that can be costly to remove.
Tax treatment: You may wish to take advantage of tax-friendly transactions such as 1031 tax-deferred exchanges.
Mechanics liens: Like residential properties, commercial properties may be subject to mechanics liens, unpaid taxes or other title issues.
Our lawyers will work hard to ensure that you get everything you think are getting out of the transaction — and do not receive any liabilities you do not want.
Skilled Legal Assistance Throughout South Carolina
To schedule a free consultation, contact us at 864-878-3066 or complete our contact form today. If you are unable to meet with us in Clemson, we offer remote closing options.