Commercial real estate can be a great way to expand your portfolio or a great place to invest your money. Whether you’re buying, selling or leasing commercial property, at the end of the day you depend on a successful business transaction to occur. Having to deal with commercial real estate disputes can complicate matters significantly and can even affect your bottom line. That’s why having a professional real estate lawyer with years of knowledge and experience are of paramount importance. At David Ghavitian Avocat Inc. we have many years of experience helping our clients find peace of mind when venturing into commercial real estate.
How to properly plan ahead and cover your assets
In order to understand how to protect yourself from commercial real estate disputes it’s best to discuss and explain some of the different situation you might face so you can better know how to deal with them. There are multiple types of issues or concerns that can arise with your commercial property. Below are some common issues our clients have faced in the past which we were able to help with.
Breach of contract
A breach of contract or lease agreement will occur when one of the parties involved has not fulfilled or satisfied their part of the agreement as contractually required. Sometimes it can be a simple misunderstanding and sometimes it can be much worse. It’s important to remember that a breach of contract can have long lasting and damaging effects. Some of these include loss of income, damage to your property, failure to leave the property and more. David Ghavitian Avocat Inc. can help you put together a bulletproof contract to help ensure you cover you side in every way possible.
Undisclosed property defects
If you are planning to purchase or sell commercial property you must ensure all the relevant issues are effectively communicated to the other side. If there are any issues with the building structure, pipes or any other relevant open issue they need to be conveyed to the other side before a sale can be made. Failing to disclose important information like this can have a negative effect on the value of the property and can also have serious legal ramifications.
Bad agreements
Eventually all business transactions will require an agreement in place to ensure everything is clear and fair to both sides. You need someone on your side that can review all contracts and agreements to ensure your best interests are protected. Signing before you have properly had your contract reviewed by a professional real estate lawyer can have devastating effects in the future. At David Ghavitian Avocat Inc. we have over 15 years of experience preparing and reviewing commercial property agreements.
Payment delays
In order for your business to thrive and succeed you want to make sure money is paid on time. It’s important to set clear terms in your agreement as to when payment is required from the other side. If a tenant refuses to pay you may end up tied up in legal disputes for a long time and subsequently lose money on your investment. You don’t want to find yourself chasing tenants in order to get a few months of rent. David Ghavitian Avocat Inc. is well versed and experience in legal disputes arising from non-payment. Let us do the hard work in order to help you reclaim any unpaid rent.
Moving forward
Whether you’re looking to invest in commercial real estate, or you are looking to find the best fit tenant for your commercial property we can help. At David Ghavitian Avocat Inc. we have been helping our clients with commercial real estate disputes of all kinds. We can help you sort any legal or financial disputes related to commercial real estate. We can also help you put together agreements which help ensure your best interests are always kept in mind.
Call now to speak to a professional real estate lawyer and see how we can help you out with your commercial property.
Related Articles:-