Commercial Property Closings
When you are trying to secure a property for your business, you will have to go through the buy/sell process that every property owner faces. For commercial properties, the process of closing is different than that for residential properties in most cases. Of course, if you are securing a residential property from which you plan to work, then the process will likely not be different; however, in most commercial endeavors, closings are different than residential property closings.
Whatever property you are trying to secure, closing the deal can be frustrating and complex, requiring the support of highly skilled and adept legal professionals. If you are trying to close on a commercial property, contact a qualified business lawyer of Slater Pugh, Ltd. LLP, today at and discuss what actions we can take to facilitate the process.
The key difference in closing on a commercial property and closing on a residential one is the documents involved. For a commercial property closing, in addition to a regular deed and title affidavit (used in residential closings), other documents include:
- Assignment / assumption of leases
- Assignment of contracts
- Bill of sale for personal property included in transaction
Because commercial property closings are so different than residential closings, many people feel much more comfortable having a legal representative to closely guide them through the process.
If you are closing on a property for your business and you have questions about the process or need help making sure it is handled efficiently and appropriately, contact an experienced business attorney of Slater Pugh, Ltd. LLP, today by calling or writing us.