New Berlin Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in New Berlin, WI

Commercial Real Estate Law in Wisconsin

In New Berlin, Wisconsin, 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 New Berlin, Wisconsin which govern commercial real estate differ significantly from the laws governing the rental and purchase of residential real estate.

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

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 New Berlin, Wisconsin

Financing: The majority of small businesses in New Berlin, Wisconsin can't afford to make large real estate purchases with the money they have in the bank. Nevertheless, buying real estate is sometimes essential for a business' survival. This problem is sometimes remedied by taking out a mortgage; a loan used to buy property, with that same property being used to secure 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: Buyers of commercial real estate are expected to be diligent, and a court will not reward a lack of diligence. Therefore, if the buyer fails to conduct a thorough inspection of the property before buying it, and thereby fails to discover defects which such an inspection could have easily revealed, he will not be able to sue the seller over these defects later on.

Encumbrances: Encumbrances are defects of a different type: rather than physical defects, they are defects of title. In New Berlin, Wisconsin, an encumbrance is an interest in a piece of real estate held by a third party, such as covenants or easements. An easement is a right held by someone to use the property of someone else for a certain purpose. For example, a person might have an easement on the land of another person, allowing them to cross the land to access a public road.

Can a New Berlin, Wisconsin Attorney Help?

These issues are sometimes complex, and almost always very important. Therefore, it's essential to seek the assistance of a New Berlin, Wisconsin real estate attorney if you have any dealings in this area.

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Life in New Berlin

New Berlin, Wisconsin is a charming city situated between Madison and Milwaukee. New Berlin was ranked in the #34 of the Top 100 best Small American Towns to live in by Money Magazine. New Berlin is just under 37 square miles in size, and has twenty six parks in its city limits. It is no wonder that there is a high quality of life in New Berlin, and lots of outdoor activities for its residents and visitors to enjoy. Another aspect of New Berlin that makes it a top small town to live in is the professional community. New Berlin lawyers, for example are some of the best in the business and their wide range of specialties is a great resource for their community to take advantage of. In the summer, there are lots of outdoor concerts in New Berlin. New Berlin also has a highly ranked public school system, as well as great private schools. The New Berlin Industrial Park, composed of three business centers is a big part of the city's growing economy. With the range of activities and great location, it is no wonder New Berlin is such a great city to live in!

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