Roseville Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Roseville, CA

Commercial Real Estate Law in California

In Roseville, California, "commercial real estate" is any form of land or building which is utilized for a business, as opposed to residential, purpose.

The laws governing commercial real estate in Roseville, 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.

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

Financing: Some small businesses in Roseville, California find it necessary, at some point, to purchase a piece of real estate, for various reasons. Nonetheless, most owners of small to medium-sized businesses can't afford to make a real estate purchase up front, with the cash they have on hand. Simply put, very few individuals have hundreds of thousands of dollars just sitting in the bank. One solution to this is a mortgage, which is similar to most other forms of secured loans: a bank lends you money, and you put up some piece of property as collateral, so the bank has some security in the event of default. With a mortgage, however, the property being purchased with the loan also secures the loan, authorizing the bank to foreclose on it in case the buyer defaults.

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 typical, 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: 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 typical encumbrance is an easement. In Roseville, California, 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 Roseville, California Attorney Help?

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

Talk to a Real Estate Law Attorney now!

Life in Roseville

Roseville, California is located in Placer County in the Sacramento region. With the 11th highest retail sales for the state of California, the city is a major shopping destination. Roseville has been named one of the "Best Places to Live" by CNN Money. It has a growing population of over 118,000 and has ranked on the top 100 list for "America's best small cities".

Retail shopping plays an important role in the economy of Roseville, California. The city is home to a number of major retail centers and one of the largest auto malls in the U.S. Particularly, the Westfield Galleria at Roseville is the central shopping center for the city. The Galleria is a high-end shopping mall with popular retail chains and restaurants. Many other shopping centers are located throughout the city.

In addition to shopping, Roseville is an ideal location for housing, employment, and recreation. The Roseville Theater Arts Academy and the Blue Line Gallery are some favorite spots for entertainment and art-centered events. The city also hosts a number of community events and sports activities for residents. Roseville's Golfland SunSplash is a popular water park that draws many people during the warmer seasons.

Lawyers in Roseville, California practice law in a number of fields and handle many kinds of legal matters. Roseville is close to Sacramento, the state capital of California. Many Roseville lawyers assist their clients at the capital or at the Superior Court Santucci Justice Center Courthouse, located in Roseville.

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