When you are creating a commercial lease on a southern California property, it pays to consider the individuals, groups of individuals or companies that will be considering it once completed. It also pays to remember that the creation of a lease prior to negotiations does not forgo negotiations. Potential complications can arise during the early stages of the negotiation process. The complex nature of the issues involved as well as the number of issues to be negotiated depend upon the specific circumstances surrounding your property, your lease terms, and your potential tenant's needs for the space. The open nature of the commercial lease negotiation only solidifies the need for an experienced real estate attorney throughout the process. Consider these examples of common issues associated with the southern California commercial lease when deciding whether or not to consult with an attorney for the transaction.
Sometimes it feels like closing on a real estate transaction is full of hidden traps; tiny details that pop up at the last minute threatening to derail the entire deal. When you're selling your property, it's best to expect a surprise or two. If you are prepared with an airtight contract and thorough negotiations based on California state real estate law, most surprises won't result in a soured deal. But there's one common issue that can result in a substantial problem if it's not taken care of quickly and efficiently: a mechanics' lien on a California property title.
Many are watching as Southern California's construction industry continues to slowly gain traction after years of decline, southern California real estate investors particularly. And a recent report issued by Los Angeles County Economic Development Corp. pointed out numbers that interested parties will want to take note of: