Commercial real estate differs from the residential real estate in several important ways according to our real estate attorneys. While residential purchases and sales are often based on a generic purchase agreement with blanks to fill in the details, commercial transactions are much more customized. The variety of types of the commercial real estate means that a one-size-fits-all approach doesn’t work. For example, one commercial property might involve environmental issues, while another might trigger zoning or land-use concerns. Often a transaction involves the purchase and sale of a business as a going concern, and this, in turn, gives rise to employment, corporate and tax issues. Commercial loans often involve personal guarantees, indemnification agreements, inventory and equipment financing and other issues that simply don’t arise on a house purchase.
Laughlin & Company Lawyers Mediators have helped with the purchase and sale of countless commercial properties in the Port Moody, Coquitlam and Port Coquitlam areas. Our business lawyers are familiar with the many pitfalls that can arise, as well as techniques to maximize the return on your commercial investment. The structuring of a commercial transaction can make a huge difference in its overall profitability. For this reason, we always recommend that parties consult with us before finalizing any commercial transaction.
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To schedule a consultation, or to learn more about our commercial law practice, call the firm at 604-239-0800 or get in touch online.
