Investing in real estate is a smart move – but only if you can count on your Scranton, Pennsylvania real estate lawyer to keep your investment safe. Everyone wants their money to work for them, but it’s easier said than done. Commercial real estate can seem like a golden opportunity to many, and it’s oftentimes the case for successful developers and property holders. They make it look easy, but there are always challenges and complications to running a commercial property. It may be viewed as a lucrative opportunity, but owning and operating commercial real estate comes with its own host of problems, and it’s certainly not the money machine that many people might think.
Commercial real estate can be a great investment if it’s done right. This usually means enlisting the help of an experienced lawyer that can help you avoid any potential losses. Of course, that’s not all a commercial real estate lawyer can do: When it comes to owning and operating property for businesses, a real estate lawyer can be your best friend. Helping you get rid of problem tenants, ensuring the necessary paperwork is filed for new tenants and renewed leases, and ensuring you are protected from any potentially damaging claims are just a few of the services offered by a real estate lawyer. What makes their services such a necessity?
Why Do I Need a Real Estate Lawyer?
Nothing is ever easy. You may be enjoying some relatively smooth sailing, when one of your tenants calls you in a panic: A pipe burst somewhere, and now one of your (potentially) lucrative properties has experienced severe flooding. Who handles the damages? And can you be sued? Fortunately, if you’ve hired the right real estate lawyer in Scranton, PA, you can rest easy knowing that the right contracts have been prepared and the right paperwork has been signed off. If you have a real estate lawyer, you’re taking steps to protect yourself. And if you don’t have a real estate lawyer, it’s only a matter of time before you really need one.
For example, what happens if you have a problematic tenant? If you’re managing commercial property, you would assume that the businesses that rent your space are legal and aren’t breaking any laws. However, it’s not a safe assumption to make. The businesses operated on your property could have improper permits, or they may be outright illegal businesses such as gambling, or drug production. It may seem like a rare occasion, but it happens enough to warrant a business lawyer’s help. Your first order of business should be evicting these problem tenants – but how do you start?
Reach out to Hoegen & Associates, P.C. Today
At Hoegen & Associates, P.C., we understand the importance of your real estate investments. We also understand that nobody wants to learn that their tenants are up to anything illegal, and we know that it’s in your best interest to protect yourself from what tenants might do. Commercial real estate is a major investment, and it’s important to know your legal avenues to keep your investment safe.
Reach out to Hoegen & Associates, P.C., and learn how a real estate lawyer in Scranton, PA, can help.