A letter of intent (LOI) is often the first written step in an Arizona commercial real estate transaction. Many buyers and sellers see it as a simple outline of the proposed deal. That is not always the case. While an LOI usually serves as a framework for future...
Real Estate Transactions
Why title insurance matters in commercial property deals
When buying commercial real estate in Arizona, deals can be as complicated as a property’s past. The last thing you want is to lose money when you encounter title problems down the line. Title insurance helps protect your investment from hidden liens and boundary...
How is commercial property tax appeal handled in Arizona?
Commercial property taxes in Arizona can seem high when the assessed value does not match current market conditions. State law allows commercial property owners to challenge an assessment they believe is wrong. Understanding the appeal process helps control expenses...
What happens when a lender wrongfully forecloses on property?
Foreclosure can move quickly in Arizona, but lenders must follow detailed legal rules before taking property. When a lender ignores those rules or acts without proper authority, the foreclosure may qualify as wrongful. Arizona law provides specific protections tied...
4 most important factors when choosing a commercial property
Choosing the right commercial property in Arizona can have a significant impact on a business’s success, and certain factors play key roles in the decision-making process. Understanding these factors can help ensure the property chosen suits the business's needs and...
Crafting a solid commercial real estate purchase agreement
A well-drafted purchase agreement is the backbone of any successful commercial real estate transaction. It protects the buyer and seller alike, outlining expectations and minimizing risk. Crafting one that’s truly effective demands precision, foresight and an...
Can supply chain issues hold up a real estate transaction?
In Arizona’s fast-paced commercial real estate market, supply chain disruptions are increasingly affecting transaction timelines and bottom lines. From delays in delivering essential construction materials to equipment shortages for tenant improvements, these...
Why property owners may not be happy with “just compensation”
Eminent domain is the process by which the government can take property that belongs to someone else. For instance, a business owner may have a piece of commercial property right where the government wants to construct a railroad or an interstate highway system. They...
Re-zoning commercial property: A complex issue
Zoning laws are designed to regulate and control how property or land can be used by the owner. These ordinances typically set forth whether properties can be used residentially or commercially. Over time, the original usage governed by these ordinances can fail to...
Buying commercial property? Consider getting title insurance
Buying a commercial real estate property is already an expensive process. That said, the last thing you want is to encounter financial losses when the property’s title turns out to be problematic. Title insurance can help protect you from title issues that might...
