Erie Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Erie, PA

Commercial Real Estate Law in Pennsylvania

Commercial real estate is any type of land or structure in Erie, Pennsylvania which is used for business purposes, primarily the sale of goods and/or services to the public.

The laws in Erie, Pennsylvania which govern commercial real estate differ significantly from the laws governing the rental and purchase of residential real estate.

Buyers and renters of residential property enjoy some pretty significant 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.

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 Erie, Pennsylvania

Financing: Most small business owners in Erie, Pennsylvania don't have the money to buy real estate with the cash on hand. However, there is a solution to this problem, allowing 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 purchased is used as collateral for 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 liable 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. Generally, 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 Erie, Pennsylvania, 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 particular 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 Erie, Pennsylvania Attorney Help?

Because of the complexity and importance of many of the issues concerning commercial real estate, it is almost always essential to consult with an Erie, Pennsylvania attorney before buying or selling commercial real estate.

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Life in Erie

Erie, Pennsylvania is an important city in Erie County. It serves as the seat of government for the county and has a population of over 102,000. The manufacturing industry has historically been the foundation of Erie's thriving economy. At the present, higher education, tourism, and healthcare fuel much of the city's revenue. Major corporations like GE Transportation and Marquette Savings Bank have their headquarters in Erie

Erie is pleasantly situated along the shore of Lake Erie. The Lake and its surrounding environment greatly influence the culture of the city. Erie, Pennsylvania has been nicknamed "the Gem City" due to the Lake's sparkling appearance. Erie is also Erie is sometimes referred to as "the Flagship City" because the historical flagship USS Niagara is docked near the Erie Maritime Museum.

Outdoor activities are very abundant in Erie and revolve mainly around Lake Erie. Presque Isle State Park is the city's most outstanding attraction. Every year, the Park attracts more than four million visitors. Grapes are grown in the Park region and the area produces the third largest amount of wine in America. Visitors also enjoy shopping at Erie establishments like the Millcreek Mall to take advantage of Pennsylvania's tax exemptions on clothing items.

Lawyers in Erie, Pennsylvania are available for assistance with many different types of legal issues. Many Erie lawyers work closely with the Erie County Courthouse located in the city. Laws in Erie Pennsylvania often address legal issues that are unique to the lake region.

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