Reading the fine print before you sign is always a wise thing to do, but when the fine print is bogged down in legalese and you don’t even understand what you are reading, it does little good. Take the time to understand the terms of any commercial real estate-related contract or agreement before you sign . We are a team of lawyers dedicated to helping your commercial real estate transactions run smoothly
If, for example, there is a water or sewer line easement on the property you wish to purchase, we need to know what the restrictions and rights of the easement holder are. What are the responsibilities of the holder if there is a break in the waterline? Does the holder have the right to tear up property to repair the leak? What are the holder’s responsibilities when it comes to repairing the property to its original state? We make certain that factors such as these in no way will be disruptive to your business.
Our firm also helps commercial property owners who wish to buy back an easement, particularly if it has not been used in some time. Once purchased, we can help file a motion to have the easement terminated.Support to easement holders as well ensuring their rights to access are protected.
Common Area Agreements
Common area agreements are designed to outline the rights and responsibilities of property owners or lessees who share common areas. This may include building lobbies, parking lots, hallways, restrooms, elevators, stairwells and exercise rooms. In reviewing common area agreements we examine closely your rights as to use, maintenance and costs associated with repairs. We also look at use and time restrictions and negotiate to make sure that you enjoy the same privileges and share equal responsibilities with others that use common areas.