West Hollywood Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in West Hollywood, CA

Commercial Real Estate Law in California

In West Hollywood, 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 West Hollywood, California are quite different from those applying 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 many 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 West Hollywood, California

Financing: The majority of small businesses in West Hollywood, California 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.

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 results. 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.

Duty to Inspect: Lest you believe that the duty to disclose defects relieves any duty of diligence on the part of the buyer, the law will not reward such lapses with a major cause of action. Buyers have a duty to conduct a reasonable inspection of the property before they buy it, typicallyy with a licensed building inspector. If the buyer fails to do this, they won't be able to recover any damages for defects which they could have discovered through a reasonable inspection.

Encumbrances: Undisclosed encumbrances are defects of another sort: defects of title. An encumbrance is any interest that a third party has in the West Hollywood, 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 essential to know about them before buying.

Can a West Hollywood, California Attorney Help?

Because of the importance and potential complexity of the issues surrounding commercial real estate, it's almost always advisable that, before engaging in any real estate deal, you pursue the counsel of a good West Hollywood, California real estate attorney.

Talk to a Real Estate Law Attorney now!

Life in West Hollywood

West Hollywood neighbors Beverly Hills and is a well-known area to many all over the United States. Many celebrities live in and/or work in the area, and therefore the Paparazzi are constantly referring to West Hollywood in their news reports.

Many may not know, but West Hollywood has some landmarks and unique locations. West Hollywood is home to the Sunset Marquis Hotel, a place known for its Whisky Bar and recording studio. Melrose Avenue is also located in West Hollywood, and was the main location for the popular 90's show Melrose Place. West Hollywood is also home to the famous Sunset Boulevard, filled with great shopping, dining, and nightlife. Sunset Boulevard was also home to Frank Sinatra, Errol Flynn, John Wayne and Howard Hughes.

Popular attractions in West Hollywood include musical venues such as the House of Blues, Whisky a Go Go, the Viper Room, and the Roxy Theatre. Other popular attractions include Westlake Recording Studios, Samuel Goldwyn Studios, Plummer Park, Sierra Towers, the Standard Hotel, Pacific Design Center, The Schindler House, Smashbox Studios and TMZ on TV.

Los Angeles being home top-tier law schools and firms attracts some of the most brilliant attorneys in the United States. Therefore residents of West Hollywood have no trouble finding a good lawyer because there are many to choose from!

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