It is quite common for businesses in the Phoenix area to be a part of real estate transactions. Sellers might sell a property to raise capital, for example. For buyers, the business may be looking to expand its footprint, reach new areas and customers or even engage...
Real Estate Transactions
Mediating commercial real estate disputes
As any commercial landlord knows, litigating commercial real estate disputes can be costly, both in terms of dollars and reputation. Disputes can also lead to lost rent if an angry tenant leaves. For these and other reasons, many commercial landlords are turning to...
Common issues in commercial real estate litigation this year
Commercial real estate litigation is an always-evolving field. And, especially this year with the Federal Reserve’s insistence to keep raising interest rates, it looks to be a particularly active year for Phoenix, Arizona, commercial real estate litigation. Breaches...
What is non-conforming use?
If you have purchased a commercial property, you likely researched local zoning ordinances to ensure that you are complying with all regulations. The purpose of zoning laws is to set guidelines as to how a piece of land can be used by the owner. However, laws change...
Two important clauses to include in your purchase agreement
Dealing in commercial real estate can be a lucrative endeavor, but a chunk of your profits could be lost if you do not have the right clauses in your purchase agreement. The following is a brief overview of certain clauses you will want to have in your purchase...
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...
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...
Drafting a purchase agreement for commercial property
Commercial property in Arizona is generally used for business purposes and growing profits. Some examples of commercial property include: Office buildings Warehouses Retail stores Hotels Multi-family rentals Healthcare offices The purchase of a commercial property is...
When can a quiet title action be used?
When you buy a property in Arizona it’s a major milestone and an exciting time. However, this moment can quickly become stressful if another party is making claims to the same property. There is now a question that what you worked so hard to acquire may not be yours....