Buying and selling commercial real estate can be more difficult to navigate than transactions involving residential property. Commercial leases differ from regular leases in that they are usually more flexible regarding the features of the space; on the other hand, there are fewer consumer protection laws for commercial leases than for residential leases.
Agreements should be entered into carefully, as both parties will be held to the contract's terms and these agreements are nearly impossible to break. Determining the value of a commercial property is also a complex endeavor, involving calculating the potential market and assessing current and future income. For these reasons, buyers and sellers often choose to enlist professional assistance.
If you’re bootstrapped or would like to save that money for your business, you can browse and leverage some of the many legal contracts in this section instead, including a Land Contract Sell Form Counter Offer to Real Estate Offer, Deed of Trust, Mortgage Deed, and much more. Read articles and more on topics including the best way to evaluate the value of real estate, to make sure you’re selling it for a good price, or that you’re not overpaying if you’re buying. Find resources and step-by-step guides to help you through the process of buying or selling commercial property.