Decades Of Experience In Commercial Real Estate Law
At Robertson & Associates, our Charlotte, NC attorneys in the commercial real estate practice are knowledgeable and experienced in helping our clients structure, negotiate and close commercial real estate transactions. We represent developers, owners, buyers, sellers, landlords and tenants in a variety of real estate matters in the Charlotte area, including Mecklenburg, Cabarrus, Union and surrounding counties.
Our practice includes representation of a number of small to medium size corporations in Charlotte and nearby areas. We have developed practices to adhere to our firm’s mission to deliver value to our clients, and we implement this mission in many practical ways in our day-to-day practice.
Common Types Of Commercial Real Estate Transactions
Real estate sales and purchases are the most common types of transactions, such as when a landowner sells to a new business owner. However, leases are also common, where commercial real estate is rented to a business owner for a set term, which may be for three to five years – often much longer than a residential lease. Financing options may be available, such as a rent-to-own setup. Finally, real estate is sometimes sold to developers, who may in turn lease the spaces to individual business owners once the development is complete.
Potential Commercial Real Estate Disputes And Resolutions
Commercial real estate disputes sometimes involve title issues, such as when real estate has two owners and only one agrees to sell. Boundary line disputes are also common; having a land survey done is important. Some disputes involve breach-of-contract issues, such as when a renter wants to break a lease early. Disputes can also happen when an agreement is in place for a sale or transaction and one party wants to back out of the agreement.
The main methods to resolve these issues are litigation and arbitration. Litigation involves going to court and getting a ruling, which can be expensive and time-consuming. Arbitration is when both parties work together to find a resolution, meaning it is often amicable and much faster than litigation.
The Importance Of Due Diligence In Commercial Real Estate?
Due diligence is when the parties involved gather the necessary information about a real estate transaction and analyze it to determine what steps will be necessary. For instance, due diligence could mean consulting records to see who has ownership rights, checking the local zoning restrictions or carrying out a survey to determine boundary lines.
How Zoning Laws Affect Commercial Real Estate
Land can only be used in the specific ways allowed by the zone. The three main zones are residential, commercial and industrial. However, it is worth noting that some properties are mixed-use buildings, meaning they can fit into multiple zones – such as an apartment building that is zoned for residential apartments on the top floors and for commercial retail stores on the ground floor.
Additionally, some zones are designed for specific types of businesses, so it’s important to check the specifics in a municipality before assuming that any commercial operation is allowed in a commercial zone. It depends on the type of business.
Real Estate Litigation And Dispute Resolution
We also represent all parties in real estate and development litigation, including disputes involving commercial property transactions, commercial leases, homeowner associations, construction contracts, and land use and zoning.
The firm’s offices are located in the University Commons Office Park at 2730 East W.T. Harris Boulevard, Suite 101, Charlotte, North Carolina 28213-4108.
To see how we deliver value to our clients, call us today at 704-597-5774. If you prefer, you may e-mail the attorneys as well.