Sale, Purchase, and Leasing
Lawyers for Buying, Selling, or Leasing Commercial Real Estate in Illinois
Real estate property plays a significant role in nearly every type of business. Developers or other businesses that buy or sell commercial real estate will want to make sure the correct procedures are followed during these types of transactions. When landlords lease property to commercial tenants, the parties should ensure that their commercial lease will protect their rights and meet their needs. By working with an attorney who is experienced in business law and real estate law, businesses can be sure they make the right decisions while protecting their financial interests.
At The Gierach Law Firm, LLC, our lawyers provide representation for businesses in matters involving commercial real estate. Attorney Denice Gierach is a business owner who previously served as the principal of a real estate development company, and she and the team of lawyers at The Gierach Law Firm, LLC have more than 30 years of experience working with businesses. We will work closely with you to address your legal needs when buying or selling property or negotiating and signing a lease agreement.
Commercial Real Estate Transactions and Development
Whether you are planning to purchase or sell commercial real estate property, you will need to address a variety of legal concerns and financial issues when completing a transaction. Our attorneys can help you prepare purchase offers and real estate contracts, and we will work to identify any risks or issues that may affect the transaction while ensuring that you understand the total costs involved in the purchase.
We can make sure you understand how zoning and land use issues may affect your purchase or sale of commercial real estate. We can help identify the costs involved when addressing matters such as environmental cleanup, tax liabilities, or local laws and ordinances. We can determine the best ways to approach real estate development, including handling subdivisions or planned unit developments. With our knowledge of state and federal tax codes, we can assist with tax planning, helping you understand the applicable property taxes and the best strategies to minimize your tax burden.
If you will be leasing commercial property to tenants, or if you are looking to lease office space or other property where you can operate your business, you will want to be sure that your lease will provide you with legal protection while meeting your needs. A commercial lease should not only specify the amount of lease payments and the length of time the tenant will be leasing the property, but it should also include terms related to the allowed uses of the property and fully define the rights of the parties.
A lease may specify the types of business activities that can be conducted on the property and the hours that a business can operate, and it may also address whether the tenant can sublease the property or make any improvements. It should also be clear about who will be responsible for paying for utilities or other expenses, such as property taxes or insurance. It may also describe when the landlord will have the right to enter the property, what types of signage are permitted, and whether the landlord or tenant will be able to access and use common areas such as parking lots. Our attorneys can help you negotiate a lease agreement that will address these or other issues and protect your rights should a dispute arise between the landlord and the tenant.
Contact Our Illinois Commercial Real Estate Lawyers
If you are planning to buy, sell, or lease commercial property, The Gierach Law Firm, LLC can make sure you address issues related to real estate law correctly and take the right steps to ensure that your business can operate successfully. For qualified and dedicated legal help with commercial real estate matters, contact us and set up a consultation at our Naperville office by calling 630-756-1160, or contact our Hoffman Estates office by calling 847-519-0505.