Experienced Attorney Assisting Individuals and Businesses in Property Transactions
Since real estate transactions are so significant, people and entities should understand their rights and obligations when buying or selling property. In any real estate transaction, it is critical that the property is thoroughly evaluated to uncover any possible encumbrances and that all of the terms in the contract transferring the rights to the property are clearly defined. If you are in the market to buy, sell, or lease real estate in New York City or the surrounding areas, it is important to retain an experienced New York real estate lawyer to facilitate the process.
Attorney Michael Jagiani at Jagiani Law Office, PLLC has extensive experience guiding individuals and businesses through the process of completing property transactions. He will work diligently to help make the process of your transaction as seamless and efficient as possible. Jagiani Law Office is located in downtown Manhattan and assists parties in real estate transactions in Manhattan, the Bronx, Brooklyn, Queens, and Nassau, Suffolk, and Westchester Counties.
Checking the Title of a Property
In any transaction in which you are buying real estate, a critical step is determining whether there are any liens, judgments, or encumbrances on the property. In other words, an investigation must be conducted to make sure that no creditors can seek money from whoever purchases the property. Second, it is vital to establish that the title was properly transferred throughout the history of the property. If an invalid title exists, the current owner's right to sell the property may be questionable, and any transaction to purchase the property also may be invalid. A skilled real estate attorney can assist New York clients in reviewing the status of any property that they are considering to make sure that the title can be transferred free and clear.
Contracts to Purchase and Lease Real Estate
Other than ensuring that a property has a clear title, the most critical part of a real estate transaction is the contract. Although there are some exceptions, a real estate contract usually must be drafted or reviewed by an attorney. In most transactions to purchase real estate, a buyer will make an offer, after which the seller's attorney will draft a contract and send it to the buyer's attorney. The buyer's attorney will then review the contract and determine whether any further terms need to be added. A review is especially important in commercial real estate transactions, since there is a greater potential for an issue to arise. For example, in complex commercial transactions, such as those contingent on the completion of a construction project or zoning approval, a New York real estate attorney can negotiate to include terms in the contract to protect their client's interests.
In addition to contracts to purchase real estate, an attorney can assist parties in negotiating contracts to lease commercial real estate. Commercial real estate leases may require rent escalation clauses, terms regarding requirements for utilities and accessibility, and other terms that are not typically present in a residential real estate lease. As a result, it is vital to seek the assistance of an attorney before entering into a commercial lease.
Speak with a Trusted Real Estate Attorney
Real estate transactions in New York City are often more complicated than in other cities and happen at a faster pace. Unfortunately, costly errors can occur if care is not taken to make sure that the transaction is handled properly. Michael Jagiani at Jagiani Law Office, PLLC is a proficient real estate attorney who has helped many people and businesses buy, sell, and lease real estate. Jagiani Law Office is located in the center of Manhattan and frequently assists parties in real estate transactions in Manhattan, the Bronx, Brooklyn, Queens, and Nassau, Suffolk, and Westchester Counties. You can contact our offices at 212.907.1410 or through the online form to set up a meeting to discuss your specific needs with a real estate lawyer in New York.