Homer Commercial Real Estate Lawyers

Homer Commercial Real Estate Lawyers, AK

Find the Right Lawyer Now

Commercial Real Estate Law in Alaska

In Homer, Alaska, "commercial real estate" is any form of land or building which is utilized for a business, as opposed to residential, purpose.

The laws regulating real estate in Homer, Alaska apply differently when dealing with commercial, as opposed to residential, real estate.

People who buy and rent residential unites have a greater deal of legal protections not available to buyers of commercial property.

These include implied warranties of habitability, rent control, and covenants of use and quiet enjoyment, among numerous others. Of course, the most general protections, such as prohibiting the seller from actively concealing defects, apply to both.

Common Commercial Real Estate Law Issues in Homer, Alaska

Financing: Many businesses in Homer, Alaska can't save up enough money to pay the full asking price of a decent-sized piece of real estate up front. Nonetheless, it's sometimes necessary for businesses to acquire real estate. To solve this issue, most rely on a mortgage. A mortgage is a typical type of loan, taken out to purchase real estate. The lending institution lends the full purchase price to the borrower, who then purchases the property. The property, in turn, becomes collateral for the loan, which must be paid back over a period of years, with interest.

Concealment of Defects: Sellers and lessors of commercial real estate are under a duty to disclose any defects in the property which might impact the buyer's decision to purchase it, such as water damage, mold, or other structural problems. These defects are quite typical, and the buyer has a right to know about them. If the seller doesn't disclose these defects, where they exist, the buyer can sue for any harm this causes.

Duty to Inspect: Buyers of commercial real estate are expected to be diligent, and a court will not reward a lack of diligence. Therefore, if the buyer fails to conduct a thorough inspection of the property before buying it, and thereby fails to discover defects which such an inspection could have easily revealed, he will not be able to sue the seller over these defects later on.

Encumbrances: Encumbrances are defects of a different type: rather than physical defects, they are defects of title. In Homer, Alaska, an encumbrance is an interest in a piece of real estate held by a third party, such as covenants or easements. An easement is a right held by someone to use the property of someone else for a certain purpose. For instance, a person might have an easement on the land of another person, allowing them to cross the land to access a public road.

Find a Homer Lawyer that Specializes in Your Area of Need:

Can a Homer, Alaska Attorney Help?

These issues are sometimes perplexing, and almost always very important. Therefore, it's essential to seek the assistance of a Homer, Alaska real estate attorney if you have any dealings in this area.

5 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Homer

Commercial Real Estate Attorneys in the Largest AK Cities

Show Alaska Cities

Commercial Real Estate Lawyers in Other Alaska Cities and Towns


Find the Right Lawyer Now

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Family Law Lawyer
LegalMatch Family Law Lawyer Jose M.

Jose M.

Harris County - North, TX

Family Law

Rating (4 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Susan D.

Susan D.

LIVINGSTON, NY

Family Law

Rating (1 users) *****
See Reviews
Real Estate, Housing & Property Law Lawyer
LegalMatch Real Estate, Housing & Property Law Lawyer Tim B.

Tim B.

DALLAS, TX

Real Estate, Housing & Property Law

Rating (17 users) ***
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Beatriz Z.

Beatriz Z.

MIAMI-DADE, FL

Family Law

Rating (10 users) *****
See Reviews

Need a Real Estate Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now:

Homer commercial real estate lawyer, Homer commercial real estate attorney, Homer commercial real estate lawyers, Homer commercial real estate attorneys, commercial real estate attorney in Homer