What Is Real Estate Law in Mansfield and Central Ohio?
The importance of hiring an attorney to support you
A full-service real estate law firm must be competent in a vast array of areas, including the following: development, finance, land use and environmental, leasing, litigation, joint ventures, restructuring and workouts, sales and acquisition, and title. To learn more about each term, read the brief description below:
Development – This entails the preparation and negotiation of development and construction agreements, as well as other develop and construct documents required for industrial sites, shopping centers, mixed-use projects, office buildings, and free-standing units.
Finance – Representing borrowers and lenders in real estate loan sales, purchases, and originations. Other financing arrangements include: bridge loans, conduit loans, construction loans, mezzanine loans, permanent financings, portfolios of non-performing loans, and shared appreciation loans.
Land Use and Environmental – This covers Brownfield developments, due diligence investigations, and land use entitlements, while maintaining compliance with Environmental Laws and federal and state Endangered Species Acts.
Leasing – Preparing and negotiating industrial, office, retail, and long-term ground leases.
Litigation – In the area of real estate, litigation includes the representations of real estate buyers, sellers, owners, developers, brokers, lessors, and lenders. It also involves bankruptcy, contract disputes, eminent domain proceedings, loan service and foreclosure issues, mechanics lien and construction disputes, and title disputes.
Joint Ventures – Joint ventures between capital sources and developers occur regularly in real estate transactions. That means a real estate firm must be able to structure and negotiate limited liability company operating agreements, partnership agreements, shareholder agreements, and other arrangements not listed here. The firm must also advise on the tax aspects of the transactions.
Restructuring and Workouts – Since real estate transactions are not guaranteed to succeed, real estate lawyers must therefore be able to advise borrowers, lenders, landlords, tenants, partners, and developers when a transaction is unsuccessful. The work involved will include bankruptcy, litigation, transactional, tax, foreclosures, deeds in lieu of foreclosure, REO sales, joint venture modifications, loan modifications, discounted loan payoffs, loan forbearances, buy/sells, forced sales, receivership actions, guarantee actions, lease and development modifications, and bankruptcies,.
Sales and Acquisitions – Buyers and sellers are represented during the acquisition and disposition of real estate. The varying types include: hotels, industrial properties, manufactured housing communities, office buildings, residential properties, and retail centers.
Title – Examining, evaluating and negotiating a real estate title, its exceptions and its insurance policies.
If you find yourself with questions or feel an attorney can help with your real estate matter, you should contact Spaulding & Kitzler today and schedule your consultation. We are here to help!