Lomita Commercial Real Estate Lawyers

Lomita Commercial Real Estate Lawyers, CA

Find the Right Lawyer Now

Commercial Real Estate Law in California

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

The laws covering commercial real estate in Lomita, California are quite different from those applying to residential real estate.

Buyers and renters of residential property enjoy a considerable number of legal protections. Many of these protections don't apply to buyers or renters of commercial property.

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 Lomita, California

Financing: Most small business owners in Lomita, California don't have the money to buy real estate with the cash on hand. However, there is a solution to this problem, allowing 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 purchased is used as collateral for the loan.

Disclosure of Defects: Sellers of real estate have an obligation to inform prospective buyers of any defects present in the property, such as water damage and other structural problems. Basically, 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 substantial 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. 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 Lomita, California 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 important to know about them before buying.

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

Can a Lomita, California Attorney Help?

These issues are sometimes confusing, and almost always very important. Therefore, it's imperative to seek the assistance of a Lomita, California real estate attorney if you have any dealings in this area.

32 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Lomita

Commercial Real Estate Attorneys in the Largest CA Cities

Show California Cities

Commercial Real Estate Lawyers in Other California 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.

Real Estate, Housing & Property Law Lawyer
LegalMatch Real Estate, Housing & Property Law Lawyer Peter S.

Peter S.

Kings, NY

Real Estate, Housing & Property Law

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

Andrew D.

Tuolumne, CA

Real Estate, Housing & Property Law

Rating (2 users) *****
See Reviews
Real Estate, Housing & Property Law Lawyer
LegalMatch Real Estate, Housing & Property Law Lawyer Clifford H.

Clifford H.

Alameda, CA

Real Estate, Housing & Property Law

Rating (1 users) *****
See Reviews
Real Estate, Housing & Property Law Lawyer
LegalMatch Real Estate, Housing & Property Law Lawyer Stephen M.

Stephen M.

Seminole, FL

Real Estate, Housing & Property Law

Rating (7 users) ****
See Reviews

Need a Real Estate Lawyer?

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

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