Augusta Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Augusta, GA

Commercial Real Estate Law in Georgia

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

Commercial real estate in Augusta, Georgia is regulated by laws which differ significantly from state and local laws that apply to residential real estate.

People who buy and rent residential unites have a greater deal of legal protections not available to buyers of commercial property.

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 Augusta, Georgia

Financing: Many businesses in Augusta, Georgia can't save up enough money to pay the full asking price of a decent-sized piece of real estate up front. Nonetheless, it's sometimes necessary for businesses to acquire real estate. To solve this problem, most rely on a mortgage. A mortgage is a common type of loan, taken out to purchase real estate. The lending institution lends the full purchase price to the borrower, who then purchases the property. The property, in turn, becomes collateral for the loan, which must be paid back over a period of years, with interest.

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: generally, 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 harmed 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 Augusta, Georgia, 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 certain 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.

Can a Augusta, Georgia 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 an Augusta, Georgia real estate attorney if you are facing any of the issues discussed above.

Talk to a Real Estate Law Attorney now!

Life in Augusta

Augusta, Georgia is a city consolidated with Richmond County, Georgia. This means that the government of the city and the county are one and the same. As of 2008, the Augusta-Richmond entity has a population of 195,000 people.

Augusta was founded in the colonial era, and was the second established town in what was, at the time, a British colony named Georgia.

Augusta, Georgia has recently seen an economic boom, thanks to a large concentration of businesses in the medical and biotech industries setting up shop there. It is home to the Medical College of Georgia, the state's only public medical school, and also offers a program in dentistry, graduate degrees in nursing, and others. This college attracts students from all over the country, increasing the local consumer base, and provides over 7,000 jobs.

Augusta is also home to Fort Gordon, an U.S. Army base that houses significant elements of the Army Signal Corps, and has about 30,000 occupants.

Needless to say, Augusta, Georgia lawyers need to be well-versed in several areas of law to stay competitive. The sheer diversity of industry and demographics in the area mean that there is almost certainly an Augusta, Georgia lawyer who is right for you.

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