5 Tips For Choosing The Right Commercial Real Estate Lawyer In Las Vegas

Any time you make a significant investment in real estate, you need to make sure that you have the right legal counsel on your side. Commercial real estate transactions are complicated and full of potential legal problems, and you’ll want to make sure that any lawyer you hire can help minimize your risk of lawsuits and penalties. The following five tips will help you choose the right commercial real estate lawyer in Las Vegas.

1) Run a Business

While running a business, you will have to pay rent, salaries and make sure that your clients are taken care of. Here are some things you can do to ensure that your business survives: 

• Budgeting: In order to run a successful business, you will need to balance income and expenses. Learn how to manage your money better by creating a budget of projected revenues and expenses based on past performance. These projections will give you an idea about how much money you can use to invest back into your business or save for future use. 

• Marketing: After setting up an accounting system for all of your finances, it’s time to think about promoting yourself as a company and start marketing yourself using different techniques so that people get aware of what services you offer.

2) Protect Property Rights

Commercial real estate transactions are rife with risks, which is why it’s important to ensure that you have a lawyer who understands all your rights as a buyer or seller. You’ll need to make sure that your assets are secure by hiring a commercial real estate lawyer from White Koffman Pritchard. The legal issues surrounding commercial property aren’t always straightforward, which is why it pays to have someone who can spot potential problems before they arise. Investing in commercial real estate without proper legal protection could lead to costly mistakes—and lost profits. A good lawyer will know when and how to enforce every aspect of your contract so you can move forward with confidence. Our firm has extensive experience with all types of commercial transactions and acquisitions.

3) Practice Due Diligence Before Signing

In commercial real estate, your business is up against more than just brick and mortar. So before you hire a lawyer to look out for your interests, make sure that you know exactly what you’re signing on to. Before signing any contract, have an experienced attorney walk through it with you and help you understand everything from risk management to potential alternatives. Some basic questions a commercial real estate lawyer should be able to answer include: What are all of my obligations if something goes wrong? What happens if I want out of my lease early? How do I hold my landlord accountable when they’re not living up to their end of the deal?

4) Be Patient

This is a fantastic question, and it’s also one that we get all of the time. Here’s what we tell our clients—be patient with your search. At Paul C. Ray, Chtd., we don’t want to rush you into making a decision or signing a contract with anyone other than someone who will be available and willing to help you. So take your time—do research on us or any other law firm that you are considering working with, and know that if you decide to work with us, we won’t disappear from your life once we’ve helped put together an agreement. We believe in relationships and long-term partnerships so give us a call! We look forward to meeting you!

5) Use an Agent or Solicitor

Like any major investment, it’s important to find a commercial real estate lawyer who knows his or her stuff. It can be tempting to cut costs by hiring an individual without a license. But that route may put you at risk of legal trouble and limit your options for dealing with problems if they arise. Look for a licensed attorney who has experience representing clients in commercial real estate cases like yours. Make sure he or she is familiar with all the rules governing contracts, property disputes, and other matters specific to your business needs.