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

When it comes to commercial real estate transactions in Virginia, there are several types of transactions that require the services of a lawyer. The main ones include buying and selling of property, issuing mortgages, negotiating leases, and resolving disputes. When purchasing a piece of commercial real estate, a real estate lawyer can help review and negotiate the contract, ensuring that all legal documentation is in order. They can also explain to the buyer the rights and obligations of the buyer and seller, as well as advise on any potential tax implications. When a lender provides a mortgage for a commercial property, a lawyer can help draft the loan documents, handle the closing process, and advise on any potential legal issues that may arise. For leases, a lawyer can help draft and review the agreement, advising on tenant and landlord rights and obligations. They can also provide guidance on any safety or health regulations that must be followed. Lastly, if there is a dispute between the parties, a lawyer can provide legal advice, help resolve the dispute, and manage any potential litigation. In conclusion, when it comes to commercial real estate transactions in Virginia, there are several types of transactions that require the services of a lawyer, including buying and selling of property, issuing mortgages, negotiating leases, and resolving disputes.

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