There are many types of attorneys. Each type has studied to perform a different kind of service. There are specializations like personal injury, family law and criminal defense. One area lawyers train to handle is commercial real estate law, which expands into both local and state jurisdictions. When you think of a commercial real estate attorney, dealing with building sales and purchases is probably what comes to mind. However, they do more than just handle sales documents. Here are three things that a commercial real estate attorney Austin also deals with.
- Commercial Lease
If you are renting property for your business, you might encounter a commercial lease conflict. For example, there may arise an argument over whether or not you should have your full lease deposit returned. A commercial real estate lawyer can make sure you receive the rights you are entitled to through the lease contract. He or she can also act as a third party mediator or negotiator in a lease dispute.
- Eminent Domain
Commercial real estate attorneys are also equipped to handle cases involving eminent domain. Eminent domain essentially means the government has the right to seize private property for the public good while providing compensation even if the property owner does not agree. A good commercial real estate attorney will make you aware of your rights, which are dependent on location, and protect your commercial property if possible, when eminent domain is invoked.
- Title Insurance
Title insurance shields the rights of those providing loans and those who take out loans to buy real estate. When getting title insurance, a commercial real estate lawyer is useful. He or she can negotiate for you and help you protect your property and receive the most beneficial policy.
Commercial real estate attorneys are necessary, not only when you are selling or purchasing commercial property, but also when dealing with other commercial property related issues like leases and insurance.