Commercial Real Estate Archives

Business Transactions

Commercial Real Estate, LLC, Mergers / By Joan K. Fine

Business transactions include the following: an asset purchase of a business; a purchase of a percentage membership interest in an LLC or stock in a corporation both of which are purchases of assets subject to liabilities; the division of a partnership or LLC where each partner or member is allocated his or her assets and liabilities; and a merger of two business entities. Business transactions can also be the acquisition or sale of commercial real estate, sometimes subject to a tax free exchange…

Modern Technology as a Factor in the Purchase of Real Estate

Commercial Real Estate, Contracts, Real Estate, Real Estate Attorney, Real Estate Law / By Joan K. Fine

I was contacted recently by a client who had signed a Contract of Purchase for a property in the country (i.e. outside of city limits). She was devastated to learn that the internet available was inadequate for her very demanding job. Nevertheless, the Seller insisted that she perform under the terms of the Contract of Purchase…

Why Hire a Real Estate Attorney

Commercial Real Estate, Contracts, Real Estate, Real Estate Attorney, Real Estate Law / By Joan K. Fine

If you plan to purchase real estate in Virginia, you should do your due diligence before you close on the property and you should hire a real estate attorney. Absent outright fraud, sellers are not required to disclose, for example, an ongoing disagreement with a neighbor over the use or location of an easement, or a disagreement over a fence on the neighbor’s property. Nor are the sellers required to volunteer that the field next to the property was just sold to a developer…