Dallas Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Dallas, TX

Commercial Real Estate Law in Texas

Commercial real estate is any form of land or structure in Dallas, Texas which is utilized for business purposes, mainly the sale of goods and/or services to the public.

The laws governing commercial real estate in Dallas, Texas are quite different from those applying to residential real estate.

Buyers and renters of residential property enjoy a large number of legal protections. Many of these protections don't apply to buyers or renters of commercial property.

For instance, residential real estate is covered 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 generally 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 Dallas, Texas

Financing: Most small business owners in Dallas, Texas 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.

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: While buyers of real estate have some significant protections with respect to defects, they also have some obligations. Before finalizing a purchase, buyers are expected to undertake a reasonable inspection of the property, usually by using a licensed building inspector. If the buyer fails to conduct an inspection, they usually won't be able to successfully sue, if defects are discovered after the purchase.

Encumbrances: These are defects to title, rather than physical defects. They are legal issues which might make it challenging or impossible for a landowner to make full use of their land. In Dallas, Texas, 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 specific 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 Dallas, Texas Attorney Help?

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

Talk to a Real Estate Law Attorney now!

Life in Dallas

Dallas is known as Texas's most exciting city. There is something for everyone to do here.

Families can enjoy a day at Six Flags, the Dallas World Aquarium, SpeedZone racing park, the Dallas Zoo, or the Dallas Arboretum. Other popular attractions include the Sixth Floor Museum, Heritage Village, Public ArtWalk Dallas!, and the Tourt 18 Golf Course. Overall, Dallas is filled with many people including families, young professionals, students, and the elderly. Therefore, there is something for everyone to enjoy in this lively city.

Dallas is also home to many large law firms with the best legal minds on its payroll. Moreover, Dallas also has many mid to small sized firms that can easily fulfill the legal needs of Dallas citizens. Overall, people in Dallas have it all, a lively city, great attractions, and a thriving legal industry.

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