Longview Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Longview, TX

Commercial Real Estate Law in Texas

Commercial real estate is any form of land or structure in Longview, 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 Longview, Texas 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 instance, 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 Longview, Texas

Financing: Most small business owners in Longview, 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 accountable 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. Typically, 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: An encumbrance is any interest held in a piece of property by a party other than the seller and the buyer. These property interests might make it very hard for the buyer to use the land as they intended when they bought it. A frequent type of encumbrance in Longview, Texas is the easement. An easement is some right that a third party has in a piece of property. For example, suppose that, many years ago, a neighbor adjacent to the land you want to buy, paid a previous owner for the right to cross his land to reach a public road. Unless the agreement states otherwise, this right will usually apply to subsequent owners, and has to be honored. Therefore, it might interfere with the intended use of the new owner.

Can a Longview, Texas Attorney Help?

These issues can be very complicated, and most people consider such financially-weighty decisions to be very critical. If you are one of those people, it's a smart move to contact a Longview, Texas real estate attorney if you are facing any of the issues discussed above.

Talk to a Real Estate Law Attorney now!

Life in Longview

Longview is located in both Gregg and Harrison Counties, in the state of Texas. It has a population of around 80,500 people. Surrounding highways include Interstate 20, U.S. Highway 80, and U.S. Highway 259. The beautiful Sabine River is quite near!

Most residents are employed by East Texas Oil Field, Kohl's, Starbucks, Target, and Wal-Mart. As evidence, the retail industry drives the economy. Some well-experienced lawyers who have wanted a break from the large firm scene have established small law offices in Longview. These attorneys are capable of handling any and every legal need.

Some famous poeple who have called Longview home include Rodney Carrington, Chris Davis, Evonne Hsu, Bill P. Keith, Malcolm Kelly, Linda Maxey, Mike Martin, Miranda Lambert, Ben Spies, James Street, Frank Steen and Bobby Taylor.

Overall, Longview is a great place to live or visit.

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