When businesses are looking to relocate or buy new property, the first thing owners notice is the price. In addition to the price, you will see real estate taxes, commercial real estate insurance, commercial liability insurance, recording fees, repaid interest and...
Month: August 2022
Commercial real estate transactions: The letter of intent
Every purchase and sale of commercial property must be handled carefully. From the initial due diligence to the finalization of an agreement, oversights and miscommunications can create an unwanted opportunity for litigation. Letters of intent can be useful but, if...
Understanding title insurance
When a piece of real estate is sold, buyers want to be certain that the legal ownership is properly transferred and that they hold valid legal title to the parcel. If a loan was used to finance the purchase, the party who loaned the money wants to be certain that the...
Eminent domain and inverse condemnation
For every legal right there exists a corresponding legal process. Through the process of condemnation, a government pursues its right of eminent domain, or seizure of private property for a public use. The Fifth Amendment of the U.S. Constitution identifies one of the...
How is commercial property lost through adverse possession?
The concept of adverse possession isn’t one that comes up much outside of a law school classroom. That is, until you find yourself on the wrong end of an adverse possession claim. Since litigation is something you want to avoid, it’s helpful to have a basic...