Columbus Commercial Real Estate Attorneys

What Is Commercial Real Estate?

According to Investopedia:

“Commercial real estate (CRE) is property that is used exclusively for business-related purposes or to provide a workspace rather than as a living space.”

While residential real estate typically involves the buying and selling of properties, most business owners lease properties to conduct income-generating activities.

Our Columbus commercial real estate attorneys are here to help you sign the best lease for your situation.

Commercial Leases

You can think about a commercial lease the same way you think about leasing an apartment. With a commercial lease, you pay rent to the person or party that owns your building — usually an investor or group of investors. In most cases, your lease will be spelled out in annual rental dollars per square foot, and commercial leases last an average of 5 to 10 years. That being said, some leases last for as little as 1 year.

Commercial leases can also be a little different than residential leases, in that the tenant can have more responsibilities. Gross leases are the most similar to residential leases, and tenants only pay rent, but other arrangements work differently.

In a single-net lease, the tenant is responsible for paying rent and property taxes, in a double-net lease, the tenant is responsible for paying rent, property taxes, and insurance, and in a triple-net lease, the tenant pays rent, property taxes, insurance, and maintenance costs.

Business owners can choose to purchase their own properties, as well.

Other Aspects of Commercial Real Estate Law

Commercial real estate law not only deals with commercial leases but also regulates the sale and transfer of properties for business use. Additionally, commercial real estate attorneys handle issues like property and land use, liquor licensing, and zoning problems.

Whether you’re dealing with a landlord-tenant dispute or want to build a new storefront for your business, we can help you navigate all the legal landmines that pop up. Leasing, managing, and even investing in commercial real estate is easier when you have a good lawyer on your side.

Further, everything from leasing to owning and maintaining commercial real estate gives you certain rights and responsibilities.

To better understand these rights and responsibilities, you may want to work with a commercial real estate lawyer.

Call us at (706) 705-5777 or contact us online to schedule your free consultation today.