Green Bay Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Green Bay, WI

Commercial Real Estate Law in Wisconsin

In Green Bay, Wisconsin, commercial real estate is any parcel of land, or any building, which is utilized for business purposes, as opposed to residential, agricultural, or industrial use.

The laws in Green Bay, Wisconsin which control commercial real estate differ substantially from the laws governing the rental and purchase of residential real estate.

When renting or buying residential real estate, renters and buyers have considerable legal protections which often don't apply to commercial real estate.

Several of the protections that don't apply to commercial property include warranties of habitability, rent control, and warranties of quiet enjoyment. There are others, as well. The most general protections, nonetheless, apply to buyers of both residential and commercial real estate, including remedies for fraud and concealment of physical or title defects.

Common Commercial Real Estate Law Issues in Green Bay, Wisconsin

Financing: The majority of small business owners in Green Bay, Wisconsin probably can't afford to buy much real estate outright, with cash paid up front, so most small business buy 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.

Duty to Disclose Defects: It is of the utmost importance that sellers and lessors of commercial real estate be up front about any defects that might be present in the property. Failing to disclose them can be bad, and actively concealing them can be much worse. In general, if a defect is significant enough that it would influence a reasonable person's decision to buy a piece of property, and the seller knows about it, the seller should disclose it. Failure to disclose can have significant outcomes. If the buyer later discovers the defect, they can sue for the cost of repairing it, or for any reduction in the property's value caused by it. And, of course, if it causes any injuries, the buyer can sue the seller for those, as well.

Duty to Inspect: While buyers of real estate have some considerable 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 normally 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 Green Bay, Wisconsin, 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 set 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 Green Bay, Wisconsin Attorney Help?

The issues surrounding commercial real estate in Green Bay, Wisconsin 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 Green Bay

Green Bay, Wisconsin is the county seat for Brown County and has a population of over 104,000. The city is best known for being home to the NFL team, the Green Bay Packers. Green Bay is nicknamed "Titletown", which is a reference to the record number of championship titles won by the Packers.

The city of Green Bay is very fond of outdoor festivals and celebrations. In addition to Packer games at Lambeau field and other sports functions, popular events include Winterfest on Broadway, Artstreet, and Summer in the Park. Shopping is also very popular in Green Bay, Wisconsin. Bay Park Square features a football-themed food court with many eateries and two giant flatscreen TVs at each end of the court. Green Bay Plaza and East Town Mall also have a variety of retail stores and restaurants.

Historically, Green Bay's economy consisted mostly of trade and farming. Currently, the city boasts an active business and economic life comprised of many different trades and industries. Some major employers in Green Bay, Wisconsin include Humana, Schneider International, and American Foods Group. The Green Bay Packers are also a major employer for the city.

Lawyers in Green Bay, Wisconsin usually assist clients at the Green Bay City Municipal Court or at the Brown County Courthouse. Green Bay attorneys enhance their skills by attending continued legal education courses and by participating in local and state bar associations. They offer a variety of legal services and perform many different types of legal tasks.

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