Pea Ridge Commercial Real Estate Lawyers

Pea Ridge Commercial Real Estate Lawyers, AR

Find the Right Lawyer Now

Commercial Real Estate Law in Arkansas

In Pea Ridge, Arkansas, "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 Pea Ridge, Arkansas apply differently when dealing with commercial, as opposed to residential, real estate.

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

Some of the protections that don't apply to commercial property include warranties of habitability, rent control, and warranties of quiet enjoyment. There are others, as well. The most basic protections, however, apply to buyers of both residential and commercial real estate, including remedies for fraud and concealment of physical or title defects.

Common Commercial Real Estate Law Issues in Pea Ridge, Arkansas

Financing: The majority of small businesses in Pea Ridge, Arkansas 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.

Duty to Disclose Defects: It is of the utmost importance that sellers and lessors of commercial real estate be up front about any defects that might be present in the property. Failing to disclose them can be bad, and actively concealing them can be much worse. In general, if a defect is serious enough that it would influence a reasonable person's decision to buy a piece of property, and the seller knows about it, the seller should disclose it. Failure to disclose can have serious outcomes. If the buyer later discovers the defect, they can sue for the cost of repairing it, or for any reduction in the property's value caused by it. And, of course, if it causes any injuries, the buyer can sue the seller for those, as well.

Buyer's Duty to Inspect: typically, 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 hurt by physical defects that an inspection would have revealed, and that the seller didn't know about.

Encumbrances: These are defects to title, rather than physical defects. They are legal issues which might make it difficult or impossible for a landowner to make full use of their land. In Pea Ridge, Arkansas, these might include easements. An easement is a right to use property held by a party other than the owner. This use is often very limited in scope, such as allowing the holder of the easement to cross the property to access a public road, or something similar. Such rights usually have to be recognized and honored by new owners, so if they buy property not knowing about them, they might be seriously inconvenienced.

Find a Pea Ridge Lawyer that Specializes in Your Area of Need:

Can a Pea Ridge, Arkansas Attorney Help?

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

7 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Pea Ridge

Commercial Real Estate Attorneys in the Largest AR Cities

Show Arkansas Cities

Commercial Real Estate Lawyers in Other Arkansas 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:

Pea Ridge commercial real estate lawyer, Pea Ridge commercial real estate attorney, Pea Ridge commercial real estate lawyers, Pea Ridge commercial real estate attorneys, commercial real estate attorney in Pea Ridge