There is a reason the law in many other states makes it mandatory to have a lawyer representing you at a real estate closing. There are many complicated things that could happen at a closing that requires someone who is familiar with the law. Although Florida law does not mandate that you have a real estate attorney at closing, it is pragmatic and smart to invest in legal help.
A lawyer would perform a number of key functions at a commercial real estate closing:
- Prepares and helps execute transaction documents
- Reviews the purchase agreement
- Helps resolve any disputes or clouds on the title
- Represents you in the event of last-minute disagreements
- Reviews and helps execute funding agreements
- Helps record the relevant documents
When you are closing on a commercial real estate property, it is a momentous event for you. There are plenty of other things going on that require your attention. In addition, you may not be experienced in the process and not know how to handle many of the common issues that arise. A commercial real estate attorney deals with these issues on a daily basis. You can focus on your business and other issues relating to the property while an attorney looks after your interests.
Finally, the closing may be the last time that you can raise certain issues. If you do not address these issues before the transaction closes, you could lose the right to take action against the counterparty in the future.
Contact a Miami Commercial Real Estate Attorney Today
Attorney Daniel D. Diaz represents purchasers and sellers in the commercial real estate transaction process. You can discuss your matter by sending us a message online or calling us today at 786.256.3299.
