Round Rock Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Round Rock, TX

Commercial Real Estate Law in Texas

Commercial real estate is any form of land or structure in Round Rock, Texas which is utilized for business purposes, mainly the sale of goods and/or services to the public.

The Round Rock, Texas laws regulating commercial real estate differ significantly from the laws that cover residential and other types of real estate.

Most of the protections that buyers and renters of residential real estate enjoy rarely apply to renters of commercial real estate.

For instance, commercial real estate normally isn't covered by rent control laws, nor does it carry with it an implied warranty of habitability (because people typically 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 Round Rock, Texas

Financing: Most small business owners in Round Rock, Texas don't have the money to buy real estate with the cash on hand. Nonetheless, there is a solution to this problem, permitting people without massive sums of money (but with a steady income) to buy real estate: the mortgage. A mortgage is a loan used to buy real estate, and the real estate being bought is used 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 accountable for any harm this defect cause, as well as the reduced value of the property, or the cost of repair.

Duty to Inspect: While buyers of real estate have some considerable protections with respect to defects, they also have some obligations. Before finalizing a purchase, buyers are expected to undertake a reasonable inspection of the property, usually by using a licensed building inspector. If the buyer fails to conduct an inspection, they normally won't be able to successfully sue, if defects are discovered after the purchase.

Encumbrances: An encumbrance is some small ownership interest in land held by a third party, or some right held by a third party to restrict the use of a parcel of land. A frequent encumbrance is an easement. In Round Rock, Texas, an easement is some right of some third party to make limited use of land owned by someone else. For instance, cable companies often purchase easements from property owners (or they are imposed by the government) allowing them to string cable wiring from the telephone wires on the street to nearby houses. Like any other property right, the holder of an easement can prevent others from interfering with it. Obviously, if a buyer doesn't know about an encumbrance on a piece of land, he might find that he's unable to make the use of the land that he was expecting.

Can a Round Rock, Texas Attorney Help?

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

Talk to a Real Estate Law Attorney now!

Life in Round Rock

Round Rock, Texas is a city located in Travis and Williamson Counties. Its population, as of a 2009 Census estimate, is about 100,000. This is up from 60,000 counted in the 2000 Census, making it an extremely fast-growing city.

In 2008, Round Rock was named by Money Magazine as one of the best small cities in the U.S. to live. It placed seventh, overall, out of hundreds of U.S. cities of comparable size. This is largely based on Round Rock's high average income, and explosive job growth. Round Rock also boasts some of the best public education in the state of Texas. Round Rock is the national headquarters of Dell Computer, which employs about 16,000 people in its local facilities.

Round Rock has made it through the recent recession much better than the average American city, thanks to its highly diversified economy.

This means that there is a thriving and diverse legal community in Round Rock. If you need a Round Rock, Texas lawyer, chances are good that you'll be able to find one. Whatever legal issue you may face, now or in the future, there's probably a Round Rock, Texas lawyer who can help.

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