Saugus Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Saugus, MA

Commercial Real Estate Law in Massachusetts

In Saugus, Massachusetts, commercial real estate is any type of real property (land or permanent structures) being used for business purposes.

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

Buyers and renters of residential property enjoy some pretty considerable legal protections, because the law of most states presumes that shelter (being necessary to survive, for the most part) is more important than business. Therefore, many of these consumer protections don't apply to commercial real estate.

For example, commercial real estate normally isn't covered by rent control laws, nor does it carry with it an implied warranty of habitability (because people typically 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 Saugus, Massachusetts

Financing: The majority of small businesses in Saugus, Massachusetts can't afford to make large real estate purchases with the money they have in the bank. Nonetheless, buying real estate is sometimes necessary 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.

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: 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, normallyy 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: 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 frequent encumbrance is an easement. In Saugus, Massachusetts, an easement is some right of some third party to make limited use of land owned by someone else. For example, 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 Saugus, Massachusetts Attorney Help?

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

Talk to a Real Estate Law Attorney now!

Life in Saugus

Saugus, Massachusetts is a city in Essex County. It has a population of about 26,000 people, and is part of the greater Boston area.

Saugus was first settled by Europeans in 1629, during the main boom of colonization of New England. The settlers then founded the Saugus Iron works, which operated from 1646 to 1668, which was the first integrated Iron Works in North America. The original site of the iron works is now in the National Register of Historic Places.

What is now U.S. Highway 1 goes through Saugus, and was built in 1806, making it one of the first public roads in the U.S. With the advent of automobiles, this pre-existing road was widened, and during the early history of the automobile, Saugus was an important center for the early adopters of the technology.

Modernly, Saugus is somewhat of a suburb of Boston, but it has definitely retained its own distinct character and lifestyle, and has a quiet, small town feel to it. This means that people who prefer this lifestyle, but have a job in the larger city of Boston, or simply like to visit the city sometimes, can have the best of both worlds.

If you live in Saugus, Massachusetts, and are in need of legal counsel, you shouldn't have any trouble finding him or her. A Saugus, Massachusetts attorney can solve just about whatever legal issue you might face.

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