Commercial Real Estate And Business Transactions In Pennsylvania
At Vinsko & Associates, P.C., we have extensive experience in complex commercial real estate transactions, including, but not limited to representing buyers and sellers of commercial real estate, businesses, liquor licenses, and other related deals. Many times, these matters are inter-related and it is important to have an attorney who understands what needs to be addressed to ensure a smooth process. Our real estate and business lawyers can prepare everything including, but not limited to:
- Agreements of Sale
- Bills of Sale
- Employment Agreements
- Liquor License Transfer Agreements
- Deeds
- Mortgages
- Promissory Notes
- Title Searches
- Title Insurance
Our real estate attorneys also have experience dealing with municipal agencies, state agencies, governmental authorities and regulatory entities. Many transactions involve construction and zoning permits, the creation and submission subdivision plans, working with engineers and architects, applying for transfer authorizations for sewage facilities, drafting construction agreements or contracts, and other work necessary for a successful project. We often serve as the “quarterback” of these matters and coordinate with everyone associated with a commercial project. We can help you!
Frequently Asked Questions About Commercial Real Estate And Business Transactions
Our clients often have questions about real estate transactions, lease agreements, and other aspects related to residential or commercial real estate. Below are a few of the questions we see most often:
Can we enforce the lease as written, or negotiate revised percentage rent without setting a bad precedent?
You can enforce a lease as written, as anyone who has signed that lease is obligated to uphold the terms. In some cases, it may be best to negotiate a revised percentage rent. You do want to avoid setting a precedent, but it is possible to do this as a one-time solution to address rent issues from a tenant.
The key is to be transparent about why the revision is being made and to ensure that all parties understand the new terms, along with their rights and legal obligations under the revised document. Our experienced attorneys can help with negotiation, drafting documentation, answering questions and ensuring that everyone is on the same page.
How fast can you clear a title defect so the closing/refi stays on track?
Every situation is unique, so it depends on the details of the specific title defect. In some cases, there may be a minor paperwork error that could be cleared up in just a few days or weeks. In other cases, there could be significant title issues such as shared ownership claims or liens on the property, requiring a quiet title action to determine who actually owns the real estate and has the right to sell it.
The initial title search typically does not take more than two weeks, and we can proceed from there to clear up any issues. Our goal is always to help the closing or refinancing process stay on track and make things go smoothly.
Can you coordinate closings, settlement services, and title insurance so I do not juggle multiple vendors?
Absolutely. As real estate attorneys, we understand how complex this process can be, especially if you have to work with multiple vendors, which increases the chances of scheduling issues or miscommunication.
We can step in and coordinate the closing process. We will communicate with all parties, ensure that every proper step is taken and take proactive measures to address potential issues and avoid disputes or conflicts. When you are our client, you can rest assured that we will always put your best interests first.
If you are buying or selling a commercial property or an associated business, call Vinsko & Associates, P.C., to discuss how we can help you.