Homewood Commercial Real Estate Lawyers

Homewood Commercial Real Estate Lawyers, AL

Find the Right Lawyer Now

Commercial Real Estate Law in Alabama

In Homewood, Alabama, "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 Homewood, Alabama apply differently when dealing with commercial, as opposed to residential, real estate.

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

For instance, residential real estate is governed by laws concerning rent control, living conditions, and other things relevant to buildings where people will be living. Most of these protections don't apply to commercial real estate, because the law assumes that the average business person is a bit more sophisticated in such dealings than the general population, and because a place to do business is typically less important than a place to live. However, the most basic protections, such as protection from fraud and deliberate concealment of defects, still apply.

Common Commercial Real Estate Law Issues in Homewood, Alabama

Financing: The majority of small businesses in Homewood, Alabama can't afford to make large real estate purchases with the money they have in the bank. Nonetheless, buying real estate is sometimes necessary for a business' survival. This problem is sometimes remedied by taking out a mortgage; a loan used to buy property, with that same property being used to secure the loan.

Disclosure of Defects: Sellers of real estate have an requirement to inform prospective buyers of any defects present in the property, such as water damage and other structural problems. Essentially, if the defect is significant enough that it might affect a reasonable buyer's decision on whether or not to purchase the property, and the seller knows about it, it must be disclosed. Failure to disclose such defects would give a buyer the right to sue the seller, and recover considerable damages, including the cost of repairing the defect, compensation for any injuries or illness caused by it, and the reduction in the property's value caused by the defect.

Duty to Inspect: Buyers of commercial real estate are expected to be diligent, and a court will not reward a lack of diligence. Thus, 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 Homewood, Alabama commercial real estate. These normally 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 essential to know about them before buying.

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

Can a Homewood, Alabama Attorney Help?

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

31 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Homewood

Commercial Real Estate Attorneys in the Largest AL Cities

Show Alabama Cities

Commercial Real Estate Lawyers in Other Alabama 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 Scott J.

Scott J.

JEFFERSON, AL

Family Law

Rating (4 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Ayn T.

Ayn T.

JEFFERSON, AL

Family Law

Rating (1 users) *****
See Reviews
Real Estate, Housing & Property Law Lawyer
LegalMatch Real Estate, Housing & Property Law Lawyer John (J.D.) H.

John (J.D.) H.

CONECUH, AL

Real Estate, Housing & Property Law

Rating (1 users) **
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Jesse H.

Jesse H.

MONTGOMERY, AL

General Practice

Rating (4 users) *****
See Reviews

Need a Real Estate Lawyer?

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

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