Bellevue Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Bellevue, NE

Commercial Real Estate Law in Nebraska

Commercial Real Estate Law in Bellevue, Nebraska is any form of land or permanent structure which isn't utilized for residential or industrial purposes, and is instead used for a business involving the buying and selling of goods or services.

The laws regulating real estate in Bellevue, Nebraska apply differently when dealing with commercial, as opposed to residential, real estate.

Most of the protections that buyers and renters of residential real estate enjoy rarely apply to renters of commercial real estate.

For instance, residential real estate is governed by laws concerning rent control, living conditions, and other things relevant to buildings where people will be living. Most of these protections don't apply to commercial real estate, because the law assumes that the average business person is a bit more sophisticated in such dealings than the general population, and because a place to do business is typically less important than a place to live. However, the most basic protections, such as protection from fraud and deliberate concealment of defects, still apply.

Common Commercial Real Estate Law Issues in Bellevue, Nebraska

Financing: The majority of small businesses in Bellevue, Nebraska 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.

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 considerable 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: 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: Undisclosed encumbrances are defects of another sort: defects of title. An encumbrance is any interest that a third party has in the Bellevue, Nebraska commercial real estate. These normally 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 important to know about them before buying.

Can a Bellevue, Nebraska Attorney Help?

The issues surrounding commercial real estate in Bellevue, Nebraska 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 Bellevue

Bellevue is the oldest city in the state of Nebraska. It was incorporated in 1855 and currently has a population of approximately 49,000 people. The city is part of Sarpy County. The word "Bellevue" is French for "beautiful view", as the city is rich in pristine forest areas. For example, Fontenelle Forest is located in Bellevue. It is a privately owned forest area containing 17 miles of trails suitable for hiking. The area has many views of the surrounding scenery including the Missouri River. Another popular tourist location is Hayworth Park, which has a walking trail that crosses many miles of Bellevue. The economy of Bellevue is currently fueled by expansions in the civilian sector. The commercial, residential, industrial, and construction industries are growing rapidly in the city of Bellevue. Offutt Air Force Base is also located near Bellevue. The base is headquarters for the Air Force Weather Agency, the 55th Air Combat Command Wing, and the U.S. Strategic Command (U.S. "Stratcom") Lawyers in Bellevue usually handle a variety of civil and criminal cases, as well as issues in family, real estate, and financial matters. Bellevue, Nebraska lawyers usually litigate their clients' cases at the Sarpy County Courthouse. More advanced cases are heard at the Sarpy County District Court.

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