Guidance For Successful Commercial Real Estate Transactions
Purchasing or selling a piece of commercial real estate is a business transaction. In addition to the buyer and the seller, there is usually a lender involved. Disclosures, covenants and representations are made between the parties as well as to the lender.
Not only must the buyer be satisfied that this is the best property at a reasonable price and that the property is properly zoned and suitable for the buyer’s intended use, he or she must also be able to satisfy the lender that the property is free from encumbrances and defects and that the value of the property will support the loan that it is securing.
Preventing Future Problems With Knowledgeable Representation
With the increasing importance of environmental issues and mineral rights in Louisiana, as well as the high cost of lawsuits, it is important that all parties have legal representation. Any time you are signing documents relating to a real estate transaction, whether it is a deed, mortgage, loan agreement, promissory note or purchase agreement, it is best to have an attorney advise you. Legal representation ensures your rights are protected.
The Shreveport commercial real estate attorneys at Weems, Schimpf, Haines, Shemwell & Moore (APLC) have extensive experience representing buyers, sellers and lenders in real estate transactions. Our business lawyers handle complex multiparcel transactions as well as residential properties.
We can guide you through the process, explaining the representations, warranties and covenants made to you and by you so that you fully understand the transaction. In addition, we will assist you in negotiating the provisions and terms of the documents related to the transaction.
We will ensure all phases of the transaction are completed in an efficient, cost effective manner.