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Commercial Real Estate Lawyers Near You

Yasmine Tabatabai avatar
Yasmine Tabatabai is an accomplished and well-respected litigation and trial attorney who is well-versed in evaluating complex legal issues and a tenacious advo...
Joel Francis Murray avatar
Joel has a broad range of experience that includes administrative law, appeals and rulemaking, business and corporate law, consumer protection, government affai...
Jonathan M. Herbst avatar
Jonathan M. Herbst is a graduate of the University of Delaware (B.A., 1999) and the University of Maryland School of Law (J.D., 2003). Prior to joining The Herb...
Ann L. Fisher avatar
AF Legal & Consulting Services is a business and commercial law firm with an office located in Beaverton, Oregon. AV Preeminent-rated* attorney Ann L. Fisher wo...
Troy J Doucet Esq. avatar
Troy Doucet is one of the most recognized foreclosure defense attorneys in Ohio. He has published several legal books, speaks regularly on the area of foreclos...
Steven Basche avatar
Estate planning is not just for millionaires. You may not think you have an estate, let alone any need for a plan, but if you have children, if you have things ...
Simon J. Lebo avatar
Attorney Simon Lebo joined the firm in 1999 and is current chair of the Trusts and Estates Department. His principal areas of practice include Elder & Medicaid...
Matthew A. Wiley avatar
Attorney Wiley worked extensively throughout his undergraduate and law school years in the financial services industry. During the course of this period he spen...
Richard E. Palumbo Jr. avatar
PALUMBO LAW aggressively and sensibly advocates for and protects the legal rights of homeowners, real estate investors, business owners and businesses with comp...

If you are buying or selling commercial real estate, you will need the help of a commercial real estate attorney. Commercial real estate has different legal considerations and complexities than residential real estate. Therefore, when purchasing or selling commercial real estate, it is wise to speak to commercial real estate law lawyers near you, who focus on the types of issues unique to your commercial property.

What Is a Commercial Real Estate Lawyer?

Commercial real estate lawyers specialize in commercial real estate rather than residential real estate. Residential real estate transactions are similar because the legal issues are generally the same for each sale. Residential real estate transactions can usually be completed much faster than commercial real estate transactions. Each commercial real estate transaction presents different legal considerations. 

Many commercial real estate attorneys handle all types of commercial transactions. However, it is common for a commercial real estate attorney to further specialize in certain legal areas of commercial real estate. For example, some commercial real estate attorneys handle only property that is being developed, such as a subdivision or a shopping mall development. Others may deal only in properties that are subject to bankruptcy or foreclosure. Finally, some commercial real estate lawyers only handle property litigation transactions. 

What Does a Commercial Real Estate Attorney Do?

Commercial real estate attorneys must have specialized knowledge of the legal issues presented by commercial real estate law. Commercial property laws are much more nuanced than residential property laws. Often, a commercial real estate attorney’s clients are businesses looking to purchase or sell properties. Depending on the legal issue presented by the transaction, commercial real estate lawyers often deal with the following:

  • Title review;
  • Real estate development laws;
  • Zoning laws;
  • Commercial leases;
  • Closing documents;
  • Contracts binding the property;
  • Special commercial financing considerations;
  • Litigation involving the property;
  • Legal issues relating to landlord and tenant disputes; and
  • Transactions involving multiple commercial property locations.

When to Hire a Commercial Real Estate Lawyer

Whether you are the buyer or seller of commercial real estate property, you will want to contact the best commercial real estate lawyer near you as soon as you begin to consider a commercial real estate transaction. You will not want to wait until a legal issue arises before seeking legal assistance. Instead, it is wise to involve an experienced commercial real estate lawyer from the very beginning. 

If you reside where the commercial property is located, commercial real estate attorneys near you will be familiar with the zoning laws and restrictions in your city, county, and state. If you are involved in a commercial real estate transaction concerning a property in another state, you or your local attorney will need to consult with a commercial real estate attorney in that state.

The option to rely on the real estate attorney who handled the closing for your home may not be available unless you know that he or she is also experienced in commercial real estate transactions. Commercial property law is significantly different from residential property ownership law. Most of the time, a lawyer for commercial real estate near you will not also handle residential real estate transactions. 

How Much Does the Average Commercial Real Estate Lawyer Cost?

Commercial real estate lawyers generally charge more than residential real estate attorneys. However, these attorneys’ fees vary dramatically based on the area of the country, the attorney’s experience and specialization, and the types of legal issues in the transaction. The more complicated the transaction is, the longer it is likely to take, and the attorney will work many more hours on such cases. If the attorney is charging by the hour, as most commercial real estate attorneys do, the total fees for a complex transaction can be substantial. 

Commercial real estate attorneys located in some of the larger cities like New York, Los Angeles, and Chicago, for example, may charge three or four times as much as one in a small town or rural area of the country. In addition, if the commercial transaction involves bankruptcy or foreclosures, the attorneys’ fees will usually be higher than for a more straightforward transaction. 

Do Commercial Real Estate Attorneys Usually Charge for Consultations?

Many commercial real estate attorneys do charge for consultations. However, most commercial real estate lawyers charge by the hour for their services, and consultations regarding commercial properties can be lengthy and involve the attorney’s specialized knowledge. Thus, while some commercial real estate attorneys may offer an initial free consultation, most do not.

Frequently Asked Questions

How are commercial real estate attorneys paid?

Commercial real estate lawyers usually charge an hourly rate. Often, they require a retainer amount to be paid upfront and charge against that amount while working on the transaction. 

Is commercial financing different from residential financing?

Financing for both residential and commercial real estate purchases involves the buyer obtaining a loan from a bank or other institution rather than paying the full amount of the purchase price from his or her own funds. However, commercial real estate financing can be much more complex and involve many more regulations. Commercial real estate attorneys have specialized knowledge of the financing requirements involved in commercial transactions. 

Can I use the attorney who handled my home purchase when I sell my business?

Of course, you may use the same attorney if that attorney handles both residential and commercial real estate transactions. However, you will want to be confident that your attorney has plenty of experience in commercial real estate transactions because commercial and residential transactions are very different and because commercial real estate sales are notoriously complicated.

What is commercial title insurance?

Title insurance is a type of indemnity insurance that protects the owner or lender from financial loss if there is a problem with the title to the property. Problems that affect the property could be issues like liens, back taxes owed on the property, or property ownership disputes. There are generally two types of title insurance—owner’s title insurance and lender’s title insurance. The lender’s title insurance is paid for by the purchaser to protect the lender’s interest in the collateral. The owner’s title insurance is paid for by the seller to protect and warrant the owner’s interest in the property being purchased. These types of insurance policies are used in both residential and commercial real estate transactions.