Duluth Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Duluth, GA

Commercial Real Estate Law in Georgia

In Duluth, 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 Duluth, 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 larger deal of legal protections not available to buyers of commercial property.

These absent protections include rent control, and warranties of habitability, among others. The most basic protections, such as prohibiting sellers of real estate from lying about the property to the buyer, apply in any context, however.

Common Commercial Real Estate Law Issues in Duluth, Georgia

Financing: Many businesses in Duluth, 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: if the seller or lessor of commercial real estate actively conceals a material defect in the real estate, they can be accountable to the buyer or renter for any damages caused by this concealment.

Duty to Inspect: This is a companion to the duty to disclose defects. Typically, buyers of real estate are expected to inspect the property. If they fail to conduct a good inspection, they might not be able to recover damages if they are harmed by any defects which an inspection would have revealed.

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 Duluth, Georgia, 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.

Can a Duluth, Georgia Attorney Help?

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

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Life in Duluth

Duluth, Georgia is a small city located in Gwinnett County. It has a population of about 26,000 people.

Duluth, Georgia is a rapidly-growing suburb of Atlanta. It is home to several major regional shopping centers, and has natrual attractions nearby, such as Stone Mountain and Lake Lanier. These attractions make for a wide variety of available recreational activities, including boating and hiking.

As with many cities in the U.S., Duluth, Georigastarted out as a small trading post, and expanded rapidly with the arrival of a railroad in the 19th Century.

Duluth's modern economy focuses largely on the healthcare sector, and attracts a variety of professionals, including doctors, nurses, and administrative professionals. Forbes Magazine recently ranked Duluth, Georgia as one of the top places in the U.S. for professionals to relocate to, owing to its high quality of life, low cost, and robust job market.

There are plenty of Duluth, Georgia lawyers who can handle just about any type of legal case that an average person is likely to encounter. Whatever legal problem you may have, there is a very good chance that a Duluth, Georgia lawyer can help you solve it.

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