Commercial Real Estate Laws in Massachusetts
Commercial real estate can encompass any number of transactions, complete with their own unique set of circumstances, complications and legal processes that all require expert navigation. Overall, a commercial real estate transaction involves the sale, acquisition or management of a commercial property. This can entail retail space and development, office or professional space, apartment or condominium buildings, mixed use space or other property that may be used for non-residential purposes.
Entities Involved in Commercial Real Estate Transactions
The buying, selling or developing of commercial real estate can involve a number of other agencies, groups or entities aside from the buyer and seller. When arranging contracts, negotiating details or securing proper permits and documentation for any kind of commercial real estate transaction, having a professional commercial real estate attorney in your corner can secure the outcome you need and protect your short term and long term interests. Some of those entities or groups typically involved in
Massachusetts commercial real estate dealings may include:
• Investment groups or individuals
• Local government officials, such as code enforcement, permit or zoning officials
• Contractors and subcontractors
• Development firms or groups
• Conservation groups or historical code and standards officials
• Tax agencies
Commercial Real Estate Laws in MA: http://www.lawlib.state.ma.us/subject/about/realestate.html
Why Hire a Commercial Real Estate Attorney?
The successful transaction of commercial real estate can be easily compromised if any number of essential details are overlooked or mismanaged. It is necessary to have the expert and professional assistance of a Massachusetts commercial real estate attorney in order to make the entire process smooth and as least complicated as possible. Their typical responsibilities may be the procurement of proper permits and the creation of documents and land use approvals. Oftentimes, especially with historic areas in Massachusetts, many commercial real estate endeavors can encounter oppositional groups or even efforts to halt the progress proposed. A skilled local legal professional can deal with those efforts head on and effectively fight to ensure the commercial real estate project goes ahead and the rights of developers, buyers, sellers or anyone else involved are protected. Litigation may even be necessary and an experienced commercial real estate attorney can make the difference be a successful case or a failed attempt toward progress or growth.
A skilled and expert commercial real estate attorney in MA will be able to be involved with any and all aspects of a project. This can entail being present at the closing, drafting a comprehensive buyer and seller agreement, dealing with any denials or permit obstacles and handling negotiations or disputes with contractors and potential lease holders or renters. The complexities and intricacies of the tax structure alone can be fluid and evolving as a commercial enterprise becomes a reality and a success. Having a partnership in place with a commercial real estate attorney you trust can help everyone involved with a site or business stay up to date and in the know. Whether it is through individual representation or the representation of an entire investment and development group, the Shapiro Law Group, PC can be the long term partner you need to handle fluid situations now and unforeseen situations in the future pertaining to all of your commercial real estate endeavors.
By Anna Shapiro