Closing on commercial property sales and purchases is a complex legal undertaking. It requires an understanding of Florida law and Melbourne laws and regulations. When our Melbourne commercial closing lawyer represents you, we bring our familiarity with state and local law to your transaction. Our team will handle all paperwork, forms, permitting, zoning, and other factors that impact your case.
At Bogin, Munns & Munns, our legal team will do everything possible to make the closing as seamless as possible for you. From start to finish, we listen to your preferences and ensure your closing gets the attention to detail it needs and deserves. Our Melbourne commercial law lawyers make your closing a priority. We also help you avoid unnecessary delays and administrative errors.
What the Commercial Closing Process Looks Like in Melbourne, FL
In commercial real estate ventures, the closing process can be lengthy. The state of Florida does allow you to close on commercial real estate purchases on your own. Doing so can be time-consuming and overwhelming, though.
When you finalize a commercial real estate transaction, the closing process starts long before the parties meet at the closing table. When you turn to our law firm to assist with your closing, our Melbourne commercial closing attorneys are by your side from beginning to end. Our commercial closing team will:
- Initiate your title examination
- Identify any potential issues
- Request any needed title corrections
- Assist with title insurance
- Conduct property record search
- Prepare all closing documents
- Coordinate property transfers
- Construction loan agreements
- IRS 1031 exchanges
We also perform a Uniform Commercial Code (UCC) search. Commercial closings are far more intricate and involved than residential closings. Our law firm will handle every detail and nuance of your closing, from paperwork to financing, and support you every step of the way.
Our Commercial Closing Lawyer Will Handle the Required Forms and Documents
When you buy or sell real estate in Florida, the closing process includes a wide array of paperwork. Our law firm does more than collect the forms and documents that complete your closing. We also collect, organize, and submit paperwork on your behalf, including your:
- Letter of Intent
- Bill of sale
- Contingency clauses
- Due diligence reviews
- Escrow instructions
- Foreign Investment in Real Property Tax Act (FIRPTA) forms
- Notice to tenants and vendors
- Purchase and sale agreements
- Tenant estoppel certificates
- Transfer deed
- Transfer forms
Every case will vary, as will the paperwork your closing requires. Our legal team understands the importance of you giving your closing due diligence and ensuring your specific needs are met. Our goal is to ensure the commercial property you buy or sell is appropriately titled and deeded and all monetary transactions are complete.
The Benefits of Working With Our Melbourne Commercial Closing Lawyer
Commercial real estate requires various forms of due diligence. When our team at Bogin, Munns & Munns represents you at closing, we help you understand every aspect of the closing process. In addition, we will:
- Ensure business partnership roles are clear
- Read and review all documents and contracts
- Clarity your rights and responsibilities
- Address any relevant construction matters
- Ensure your best interests are protected
- Address any construction or zoning issues
- Address any permitting or inspection concerns
Buying commercial property can be time-sensitive since building, construction, and leasing cannot happen until the property has successfully changed hands. We understand your need to close as quickly and effectively as possible. When our law firm is on your side, we can help you save valuable time and handle any property-related negotiations on your behalf.
In addition, we know how frustrating it can be to wade through the many steps involved in commercial closing. A primary benefit of working with our commercial closing team is the assurance that comes with peace of mind.
To consult with an experienced commercial closing lawyer serving Melbourne
855-780-9986
Let Our Real Estate Team Oversee Your Escrow Account
Escrow accounts are established between buyer and seller to ensure each involved party lives up to their end of the agreement. In commercial real estate transactions, escrow protects large-value transactions.
Residential real estate usually involves the individuals involved in the property’s sale or purchase. Commercial real estate can involve two corporations rather than two individuals. Escrow in commercial real estate is also much more involved than in residential real estate since funds can come from a variety of sources. This can lead to additional complications our law firm can help you navigate.
When our law firm represents you at closing, we ensure any escrow funds are properly furnished and properly distributed as part of the closing process. We understand every financial aspect of the escrow and closing process and work hard to ensure it runs as smoothly and seamlessly as possible.
Types of Commercial Real Estate Transactions Our Law Firm Supports
May commercial real estate transactions can involve the sale of land intended for development purposes. Commercial real estate can also involve the exchange of many different types of property. Our law firm represents commercial clients with the following properties:
- Retail space, including individual storefronts and multi-tenant shopping malls, coffee shops, and restaurants
- Office space, including small business offices, corporate offices and buildings, co-working spaces, and co-lab kitchens
- Industrial space, including storage facilities, manufacturing facilities, warehouses, plants, and showrooms
- Multi-tenant dwellings, including residential apartment buildings, condominiums, duplexes, and apartment complexes
You do not have to go through intricate commercial real estate matters without legal guidance and support. Our commercial closing attorney will guide you through the closing of any commercial real estate venture.
Get Legal Support at Every Phase of Your Commercial Real Estate Transaction
If you are buying or selling commercial real estate in Melbourne, FL, our commercial closing lawyer can help ensure your closing goes as smoothly as possible. We will explain the state and local laws that affect your case and ensure all relevant permits and paperwork are in order.
Contact one of our consultation team members at Bogin, Munns & Munns to get started today and learn more about our diligence in commercial real estate closings.
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