Millbrook Commercial Real Estate Lawyers

Millbrook Commercial Real Estate Lawyers, AL

Find the Right Lawyer Now

Commercial Real Estate Law in Alabama

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

When renting or buying residential real estate, renters and buyers have substantial legal protections which often don't apply to commercial real estate.

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

Common Commercial Real Estate Law Issues in Millbrook, Alabama

Financing: The majority of small businesses in Millbrook, Alabama can't afford to make large real estate purchases with the money they have in the bank. Still, buying real estate is sometimes imperative 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.

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 common, 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.

Buyer's Duty to Inspect: usually, buyers of commercial real estate are expected to inspect the property before buying it. A failure to do so might prevent the buyer from prevailing in a lawsuit if he is injured by physical defects that an inspection would have revealed, and that the seller didn't know about.

Encumbrances: Encumbrances are defects of a different type: rather than physical defects, they are defects of title. In Millbrook, Alabama, 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 specific purpose. For example, 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 Millbrook Lawyer that Specializes in Your Area of Need:

Can a Millbrook, Alabama Attorney Help?

These issues can be very complicated, and most people consider such financially-weighty decisions to be very critical. If you are one of those people, it's a smart move to contact a Millbrook, Alabama real estate attorney if you are facing any of the issues discussed above.

13 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Millbrook

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

Need a Real Estate Lawyer?

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

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