Commercial Real Estate Closings: $1,000+

Commercial Real Estate Closings: $1,000+

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Are you buying or selling commercial or industrial real estate or a building with 4 or more units? If so, you have come to the right place. Our attorneys have closed hundreds of commercial & industrial real estate transactions and are well prepared to negotiate the terms, conditions and contingencies of any such transaction.  Our fee starts at $1,000 for a 4-family, mixed use or commercial property.  The fee increases based on the amount of units and purchase price.  Call us for an exact quote.

The fee includes the services listed below.

For Residential Real Estate transactions, Click Here.

FOR BUYERS OF COMMERCIAL OR INDUSTRIAL REAL ESTATE:

  • Review and negotiation of the contract of sale,
  • Review of underlying leases (for properties with Tenants),
  • Preparation of Attorney Opinion Letter for the Lender (if necessary),
  • Explanation of the real estate contract and mortgage commitment to the buyer,
  • Resolving any issues (including tenant issues, title problems, repairs, etc.) prior to closing,
  • Correspondence with the seller’s attorney, title company and mortgage company,
  • Preparation for closing, including obtaining necessary title work,
  • Review of mortgage commitment and title commitment, and
  • Representation at closing.

FOR SELLERS OF COMMERCIAL OR INDUSTRIAL REAL ESTATE:

  • Preparation, review and negotiation of the real estate contract,
  • Explanation of the real estate contract to the seller,
  • Preparation of Attorney Opinion Letter (for Buyer’s Lender, if necessary),
  • Resolving any issues (including tenant issues, title problems, repairs, etc.) prior to closing,
  • Correspondence with the buyer’s attorney,
  • Preparation for closing, and
  • Representation at closing.

Commercial transactions are more complicated than residential ones and require extra attention to certain covenants and contingencies.  Particularly important is the clause regarding existing tenants, which should specify the apportionment of rent payments and who bears the responsibility of evicting holdover or non-paying tenants.

We now offer 24/7 online access to your file. Get instant updates and stay informed. Click here to read more.

Feel free to contact us today to discuss any questions you may have.

Please note that we also represent clients with respect to Real Estate Refinancing.

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