Commercial Real Estate

Commercial Leasing

Landlords and Tenants should anticipate a long-term working relationship when negotiating lease terms and provisions. The basic terms for consideration include the duration of the lease, rental rate, permitted use(s), and quality of the premises upon delivery. Once the basic terms are established, there are various considerations that should be incorporated into the lease provisions, such as assignment rights, maintenance obligations, and default or breach of contract.

Learn why it is important to meet with a North Carolina real estate attorney before committing to a long-term lease.

Commercial Transactions

The purchase and sale of commercial property is lengthier, more expensive, and higher risk than residential property transactions. Purchasers should meticulously determine the valuation of the deal prior to signing the Letter of Intent; and once under contract, diligently investigate the property during the prescribed time-frames. Sellers should heed caution to ensure title is marketable – free and clear of restrictions, liens and encumbrances – for a prospective buyer to pay a premium.

Learn how a North Carolina real estate attorney can assist in facilitating your commercial real estate transaction.

Negotiations and Ethics

In commercial real estate transactions, the negotiation process defines the timelines and obligations of both parties during the Due Diligence (commonly referred to as the “Investigation Period”) prior to closing.

In commercial leasing, the negotiation process defines the rights and obligations of both parties during the course of a long-term period defined in the lease.

An experienced attorney should identify the hurdles upfront and overcome them within the prescribed time-frame.

Nik Vyas Esq - Residential Real Estate Attorney Wake County

Nikhil Vyas, Esq.

Negotiations that are truly ‘win-win’ can result in a satisfying relationship for Landlord and Tenant and a rewarding experience for both Purchaser and Seller.