How can I protect myself when purchasing commercial real estate?

When purchasing commercial real estate in California, it is important to protect yourself in order to ensure a smooth transaction. The first step you should take is to hire an experienced attorney who is knowledgeable in commercial real estate law. An attorney will be able to advise you on the details of the transaction and can help you navigate any legal issues that may arise. Another way to protect yourself is to get a title search done. This ensures that you are purchasing the property from the rightful owner and have a clear title to the property. Additionally, a title search will reveal any liens or encumbrances on the property that must be cleared before you can take ownership. You should also create a purchase agreement with the seller that outlines the terms of the sale and the expectations of both parties. This agreement serves as a binding contract that can be used to settle any disputes that may arise. Finally, it is important to carefully inspect the property before the sale is final. Look for any signs of damage or other potential problems that may arise. If you find any issues, make sure they are addressed before the closing of the sale. By taking these steps, you can protect yourself and ensure a successful transaction when purchasing commercial real estate in California.

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How can I protect myself when purchasing commercial real estate?

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