Renton Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Renton, WA

Commercial Real Estate Law in Washington

In Renton, Washington, commercial real estate is any parcel of land, or any building, which is used for business purposes, as opposed to residential, agricultural, or industrial use.

The laws in Renton, Washington which regulate commercial real estate differ considerably from the laws governing the rental and purchase of residential real estate.

People who buy and rent residential unites have a higher deal of legal protections not available to buyers of commercial property.

For instance, residential real estate is controlled 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 usually 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 Renton, Washington

Financing: The majority of small business owners in Renton, Washington probably can't afford to buy much real estate outright, with cash paid up front, so most small business purchase commercial real estate with a mortgage. A mortgage is a loan taken out for the purpose of buying real estate, using that real estate as collateral for the loan.

Concealment of Defects: if the seller of commercial property acts to conceal a significant defect in the property, and then sells the property, he will be responsible for any harm this defect cause, as well as the reduced value of the property, or the cost of repair.

Duty to Inspect: While buyers of real estate have some substantial 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 typically won't be able to successfully sue, if defects are discovered after the purchase.

Encumbrances: An encumbrance is some small ownership interest in land held by a third party, or some right held by a third party to restrict the use of a parcel of land. A typical encumbrance is an easement. In Renton, Washington, an easement is some right of some third party to make limited use of land owned by someone else. For example, cable companies often purchase easements from property owners (or they are imposed by the government) allowing them to string cable wiring from the telephone wires on the street to nearby houses. Like any other property right, the holder of an easement can prevent others from interfering with it. Obviously, if a buyer doesn't know about an encumbrance on a piece of land, he might find that he's unable to make the use of the land that he was expecting.

Can a Renton, Washington 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 a Renton, Washington attorney before buying or selling commercial real estate.

Talk to a Real Estate Law Attorney now!

Life in Renton

Renton is located in King County, Washington. It is very near Seattle--approximately 11 miles. Surrounding areas include Lake Washington and Newcastle coal fields. Per the 2010 census, Renton is home to approximately 90,927 people.

Renton's top employers include Boeing, Valley Medical Center, Federal Aviation Administration, Renton Technical College, Providence Health Services, Paccar, ER Solutions, and Wal-Mart. Renton is also home to many small law offices with capable attorneys who practice in many areas of law.

Famous residents, both past and present, include Jimi Hendrix, Ann Rule, Bonnie Guitar, Tim Lincecum, Brandon Roy, Jamal Crawford, Jacob Young, Kelly Bachand, and Michelle Font.

Overall, Renton is a wonderful place to visit!

Clients Rate LegalMatch Attorneys
(click to read reviews)

Nicholas M.
Nicholas M.

Real Estate, Housing & Property Law

Golden, CO

Carl M.
Carl M.

Real Estate, Housing & Property Law

Seattle, WA

David A.
David A.

Real Estate, Housing & Property Law

Walnut Creek, CA