Liberty Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Liberty, MO

Commercial Real Estate Law in Missouri

In Liberty, Missouri, commercial real estate is any form of real property (land or permanent structures) being utilized for business purposes.

The Liberty, Missouri laws regulating commercial real estate differ significantly from the laws that cover residential and other types of 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 absent protections include rent control, and warranties of habitability, among others. The most general protections, such as prohibiting sellers of real estate from lying regarding the property to the buyer, apply in any context, however.

Common Commercial Real Estate Law Issues in Liberty, Missouri

Financing: Most small business owners in Liberty, Missouri don't have the money to buy real estate with the cash on hand. Nonetheless, there is a solution to this problem, permitting people without massive sums of money (but with a steady income) to buy real estate: the mortgage. A mortgage is a loan used to buy real estate, and the real estate being bought is used as collateral for the loan.

Disclosure of Defects: Sellers of real estate have an requirement to inform prospective buyers of any defects present in the property, such as water damage and other structural problems. Essentially, if the defect is significant enough that it might affect a reasonable buyer's decision on whether or not to purchase the property, and the seller knows about it, it must be disclosed. Failure to disclose such defects would give a buyer the right to sue the seller, and recover substantial damages, including the cost of repairing the defect, compensation for any injuries or illness caused by it, and the reduction in the property's value caused by the defect.

Duty to Inspect: Buyers of commercial real estate are expected to be diligent, and a court will not reward a lack of diligence. Consequently, if the buyer fails to conduct a thorough inspection of the property before buying it, and thereby fails to discover defects which such an inspection could have easily revealed, he will not be able to sue the seller over these defects later on.

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

Can a Liberty, Missouri Attorney Help?

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

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Life in Liberty

Liberty, Missouri is a city in Clay County, and is a suburb of Kansas City. It has a population of about 30,000 people.

Liberty, Missouri was first settled in 1822, and was made the county seat of Clay County shortly thereafter. In 1830, a lawyer named David Rice Atchison opened a practice in Liberty, where he took it upon himself to defend the religious freedoms of Mormon settlers, who were an unpopular and persecuted group at the time. During the Civil War, sympathies for the Confederacy were very prevalent in the area around Liberty, and this thwarted Missouri's plans to remain neutral in the conflict. Liberty, and other parts of Missouri, hosted several important battles of that war, so there are many historic landmarks in the area.

Modernly, Liberty is one of Kansas City's largest suburbs. Major corporations, such as Hallmark, have distribution centers in Liberty. It also hosts the headquarters of Ferrellgas, one of the nation's largest suppliers of Propane and Propane Accessories.

If you have a legal issue, chances are good that there's a lawyer in or around Liberty, Missouri who can handle it. Liberty, Missouri lawyers are competent and well-rounded, and should be able to help you.

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