Commercial Real Estate Purchases, Sales & Leases
Owners, prospective purchasers and tenants of commercial real estate face a daunting list of legal considerations when they are buying, selling or leasing commercial property or mixed-use buildings. David Lacher has over 30 years of experience representing businesses and individuals throughout New Rochelle, Westchester County and the New York metropolitan area in commercial real estate transactions.
Negotiation, Drafting and Review of Commercial Real Estate Contracts and Leases
The contract for purchase and sale must be drafted with meticulous care and attention to detail. Title searches and review of title reports are critical components of every transaction. The firm completes a thorough title review, checking for issues such as:
Mortgages
Mechanic’s liens
Tax liens
Violations of municipal ordinances
Environmental matters
Commercial leases provide different challenges with rent, real estate tax and operating cost escalations, as well as subleases, assignments and the often-required personal guaranty of the business owner.
Mixed-Use Buildings
The firm also represents clients in the purchase of mixed-use buildings — property that is part residential and part commercial. In addition to all the usual title and financing review, the firm checks to make sure the existing residential tenancies are in compliance with local regulations.