Sarasota Commercial Real Estate Closings Attorney
Facilitating Your Business Transactions with Legal Precision
The closing on a commercial piece of property is very different from the closing on a home. Issues related to the use of the property, the development of the property and the existing tenants generally need to be addressed. The team of professionals at The Edwards Law Firm, PL has years of experience with real estate contracts at its disposal to help guide you through this complicated process.
Step-by-Step Guide to Commercial Real Estate Closings
Key Steps in Sarasota Commercial Property Closings:
- Contract Negotiation - One of the most important aspects of a commercial real estate closing is the negotiation of the contract. Depending on the type of commercial property purchased, there are many types of provisions that should be included in the contract to protect your interests, either as a buyer or a seller. It is highly advised you seek professional counsel, if only because of the complications in this step alone.
- Title Search and Examination – After the contract is negotiated and signed, a title search will be performed to identify the requirements for issuance of the title insurance commitment and closing on the sale. The title search should also be examined to determine whether any zoning or use restrictions would prohibit the buyer’s intended use of the property.
- Due Diligence Period – In the contract negotiations, a buyer will obtain a due diligence period or inspection period during which, the buyer should inspect the property for defects, review the property leases and other contracts related to the property, conduct environmental tests and otherwise determine if the property is suitable for its intended use.
- Finalizing the Closing - At the time of the actual closing, the purchase money will be paid to the closing agent and the deed and other closing documents will be signed.
It is important that the buyer and seller has a skilled attorney during each step to protect their interests and their financial investment. If you are buying or selling commercial real estate, you should not go it alone. At The Edwards Law Firm, PL, we take a great deal of pride in representing our clients in commercial transactions.
Your Trusted Partner for Commercial Real Estate Closings in Sarasota
In Sarasota, navigating the commercial real estate landscape can be challenging, especially with the unique regulations and zoning laws enforced by local government entities such as the City of Sarasota and the Sarasota County Government. These organizations play a crucial role in verifying that all commercial properties comply with local ordinances, which can significantly impact your transaction. Understanding these regulations is essential for both buyers and sellers to avoid potential pitfalls.
Local businesses often face pain points such as fluctuating market conditions, stringent zoning laws, and the complexities of lease agreements. For instance, if you're looking to purchase a commercial property in downtown Sarasota, you may encounter specific zoning restrictions that could limit your intended use of the property. Our team at The Edwards Law Firm, PL is well-versed in these local challenges and can help you navigate them effectively.
Additionally, the due diligence process is particularly vital in Sarasota, where environmental assessments may be required due to the area's unique coastal ecosystem. We understand the importance of thorough inspections and can guide you through the necessary steps to confirm that your investment is sound.
Whether you're looking to buy or sell commercial real estate in Sarasota, having a knowledgeable attorney by your side can make all the difference. We are committed to protecting your interests and facilitating a smooth transaction from start to finish. Let us help you turn your commercial real estate goals into reality.
The help you need is just a call away. Contact us today for a case evaluation.
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See What They Have to Say!-
“I will definitely recommend her to any of my friends or customers.”
- Shelley -
“The Edwards law firm recently helped me through a lengthy family real estate transaction.”
- Stephen -
“I would absolutely recommend Sherry and team to anyone looking for any kind of real estate help!”
- Michael
Why Choose The Edwards Law Firm, PL
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Over 30 Years of Experience
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Sheryl A. Edwards is a Board Certified Specialist in Real Estate Law
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Achieve Client Objectives in a Timely Manner
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Selected for Super Lawyers 12 Times
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Personalized Attention & Case Strategy
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Your Goals Always Come First
