What types of commercial real estate transactions require the services of a lawyer?

In Pennsylvania, many commercial real estate transactions require a lawyer in order to ensure that all paperwork is filed properly and all rights are properly protected. These transactions could include the sale, purchase, lease, or financing of a commercial property. When purchasing or selling a commercial property, a lawyer is needed to draft a purchase agreement and a deed in order to legally transfer ownership of the property. They will also ensure that any title insurance is in order and that all taxes are paid. When leasing a commercial property, a lawyer is needed to draft the lease agreement. This document outlines the rights and responsibilities of both parties and may include a variety of provisions such as rent payment agreements, repairs and maintenance responsibilities, and any restrictions on use of the property. When financing a commercial property, a lawyer will ensure that all documents are properly filed with the appropriate lending institution and that all terms and conditions are met. They will also review and advise on loan documents and collateral documents. Finally, a lawyer is needed to settle any disputes that may arise during the course of a commercial real estate transaction. An experienced lawyer will be able to help make sure that the rights of all parties involved are protected and that any disputes are quickly and appropriately resolved.

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What types of commercial real estate transactions require the services of a lawyer?

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