Sitka Commercial Real Estate Lawyers

Sitka Commercial Real Estate Lawyers, AK

Find the Right Lawyer Now

Commercial Real Estate Law in Alaska

In Sitka, Alaska, "commercial real estate" is any type of land or building which is used for a business, as opposed to residential, purpose.

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

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

For example, commercial real estate typically isn't covered by rent control laws, nor does it carry with it an implied warranty of habitability (because people usually won't be living in it). Furthermore, it also doesn't come with a covenant of quiet enjoyment. However, some of the most basic legal protections (such as laws against fraud, and concealment of defects) apply in both the commercial and residential context.

Common Commercial Real Estate Law Issues in Sitka, Alaska

Financing: The majority of small business owners in Sitka, Alaska probably can't afford to buy much real estate outright, with cash paid up front, so most small business purchase commercial real estate with a mortgage. A mortgage is a loan taken out for the purpose of buying real estate, using that real estate as collateral for the loan.

Concealment of Defects: if the seller of commercial property acts to conceal a significant defect in the property, and then sells the property, he will be responsible for any harm this defect cause, as well as the reduced value of the property, or the cost of repair.

Duty to Inspect: Buyers of commercial real estate are expected to be diligent, and a court will not reward a lack of diligence. Consequently, 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: Undisclosed encumbrances are defects of another sort: defects of title. An encumbrance is any interest that a third party has in the Sitka, Alaska commercial real estate. These typically take the form of easements, which are rights held by third parties to use the land for a specific purpose. Easements can have profound effects on how a new owner can use the land, so it is crucial to know about them before buying.

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

Can a Sitka, Alaska Attorney Help?

The issues surrounding commercial real estate in Sitka, Alaska can get fairly complex. Therefore, it's never a bad idea to have the assistance of an efficient commercial real estate attorney.

1 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Sitka

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.

Employment and Labor Law Lawyer
LegalMatch Employment and Labor Law Lawyer David H W.

David H W.

ADAMS, CO

Employment and Labor Law

Rating (17 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Kristopher G.

Kristopher G.

SUMMIT, UT

Family Law

Rating (1 users) ****
See Reviews
Tax Law Lawyer
LegalMatch Tax Law Lawyer Tax Defense N.

Tax Defense N.

Los Angeles West, CA

Tax Law

Rating (2 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer J. Eric K.

J. Eric K.

APACHE, AZ

Business - Transactional

Rating (1 users) *****
See Reviews

Need a Real Estate Lawyer?

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

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