Kentucky Real Estate Attorney Concentrates on Commercial Leases

Louisville Commercial Real Estate Law Firm Assists With Purchase Agreement Review

Preparing for a commercial real estate purchase can be a daunting task for someone inexperienced with the Kentucky real estate market. Thomas, Dodson & Wolford, PLLC is experienced in all aspects of real estate law, including commercial leases and purchase agreement review.

Commercial Leases

Unless the commercial property for purchase consists of raw land, there will likely be an assignment and assumption of leases. When tenants occupy commercial property, a commercial real estate buyer will need to obtain a current rent roll with copies of all leases from the seller to determine whether the rents being paid by the tenants will cover the costs of owning and operating the property. A lease review is also necessary to determine what rights the tenants have regarding renewing their leases, expand, or purchase the property.

Purchase Agreement Review

Arguably the most important part of a real estate transaction is the purchase agreement, since it makes up the blueprint of the entire transaction. A properly negotiated contract will likely eliminate most problems between the parties as the transaction proceeds to closing and the transfer of title.

In purchase agreement review, attention to detail is vital. An experienced Kentucky commercial real estate attorney like the lawyers at Thomas, Dodson & Wolford, PLLC conduct a review that provides an essential outlet for negotiation and clarification of terms of the transaction that a client may not have previously considered.

Solid Legal Advice From a Seasoned Kentucky Real Estate Attorney

Do you need help with a commercial lease or the review of a purchase agreement in Kentucky? Louisville attorneys at Thomas, Dodson & Wolford, PLLC are equipped to assist you with all aspects of a commercial real estate transaction, including leases and purchase agreement review. Contact our firm online or call (502) 426-1700 to schedule your free initial consultation today.