Why It Is Important to Hire a Lawyer Knowledgeable About Commercial Real Estate Law in Chicago

by | Nov 10, 2015 | Real Estate

Commercial real estate transactions can be difficult and complicated to navigate without the assistance of an experienced real estate attorney. A qualified real estate lawyer, such as Starr, Bejgiert, Zink, & Rowells will have an in-depth knowledge of commercial real estate law in Chicago. The lawyer can walk a property buyer or seller through the legal process for the transfer of ownership of the property. A buyer’s real estate attorney, will check the sales contract and other legal documents to ensure that the buyer is protected. The lawyer will check the title or chain of ownership to the property, for any problems or liabilities, such as liens. A seller’s attorney will examine the sales contract, and address any issues that arise, arrange for the final payoff for existing loans, and prepare all the necessary documents to transfer ownership of the property. Here are the top three benefits of hiring a proficient real estate lawyer.

Knowledge About Rules and Regulations

An experienced real estate attorney will have an adequate knowledge of all rules and regulations, and can protect the rights of a buyer or seller. The lawyer will not only review all legal forms and documents, but will also help their client know when to accept or reject offers. The lawyer can help to prevent unexpected issues with the property’s title, and can be of assistance if there are any liens on the property.

Providing Legal Counsel and Support

Commercial real estate transactions involve a lot of paperwork, inspections, negotiations and deals, which can be very overwhelming especially if it is the first time. An experienced real estate attorney can ensure that all these processes are completed correctly. The lawyer will not only protect their client’s interest but will also protect them in any engagements with the prospective seller or buyer.

Preparing Legal Documents

A committed real estate attorney is responsible for preparing the purchase agreements, terms of the contract, and other legal documents that will need the buyer and seller to sign.

These are just some of the critical duties played by a lawyer knowledgeable of commercial real estate law in Chicago. For additional details on the importance of hiring an experienced commercial real estate lawyer, and how to contact them, visit Sbzrlaw.com.

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