At LMB Partners, we offer specialized legal services for commercial real estate purchases and sales. Whether you are a buyer seeking to acquire commercial property or a seller looking to maximize your return, our experienced attorneys are here to provide comprehensive legal support. Our goal is to ensure smooth transactions, protect your interests, and help you achieve your business objectives.

Our Services

1. Due Diligence

• Property Inspections and Assessments: Coordinating thorough property inspections and assessments to identify potential issues and ensure informed decision-making.

• Title Examination: Conducting detailed title searches to verify ownership, identify encumbrances, and address any title defects.

• Zoning and Land Use Analysis: Reviewing zoning and land use regulations to ensure the property is suitable for your intended use.

2. Contract Drafting and Negotiation

• Purchase and Sale Agreements: Drafting and negotiating comprehensive purchase and sale agreements that protect your interests and outline clear terms and conditions.

• Letters of Intent: Preparing and reviewing letters of intent to outline the basic terms and facilitate smooth negotiations.

3. Financial and Tax Considerations

• Financing Arrangements: Assisting with financing arrangements, including securing loans, reviewing loan documents, and negotiating terms with lenders.

• Tax Planning: Advising on the tax implications of commercial real estate transactions and structuring deals to optimize tax benefits.

4. Environmental Compliance

• Environmental Due Diligence: Conducting environmental assessments, including Phase I and Phase II Environmental Site Assessments (ESAs), to identify potential contamination and liability issues.

• Regulatory Compliance: Ensuring compliance with environmental regulations and advising on remediation responsibilities.

5. Closing Coordination

• Closing Document Preparation: Preparing and reviewing all necessary closing documents, including deeds, affidavits, and settlement statements.

• Escrow Services: Managing escrow accounts to ensure the secure handling of funds and documents throughout the transaction.

6. Title Insurance

• Title Insurance Policies: Assisting with obtaining title insurance policies to protect against future claims and title defects.

• Policy Review: Reviewing existing title insurance policies and advising on coverage issues and claims.

7. Lease Review and Assignment

• Lease Due Diligence: Reviewing existing leases on the property to assess potential impacts on the transaction and advise on tenant rights and obligations.

• Lease Assignments: Assisting with the assignment of leases and ensuring compliance with lease terms and landlord approvals.

8. Regulatory and Compliance Issues

• Permitting and Approvals: Advising on the necessary permits and approvals required for property development and use, and assisting with the application process.

• Compliance Reviews: Conducting compliance reviews to ensure adherence to local, state, and federal regulations.

9. Dispute Resolution

• Pre-Closing Disputes: Addressing and resolving any disputes that arise before closing, including issues related to contract terms, inspections, and financing contingencies.

• Post-Closing Disputes: Representing clients in disputes that arise after closing, such as breach of contract, misrepresentation, and title defects.

10. Real Estate Investment Structuring

• Joint Ventures and Partnerships: Structuring joint ventures, partnerships, and other investment vehicles to facilitate the acquisition and development of commercial real estate.

• Entity Formation: Assisting with the formation of entities such as LLCs, corporations, and partnerships to hold and manage real estate investments.

11. 1031 Exchanges

• Tax-Deferred Exchanges: Advising on and facilitating Section 1031 like-kind exchanges to defer capital gains taxes on the sale of commercial properties.

• Exchange Documentation: Preparing and reviewing the necessary documentation to ensure compliance with 1031 exchange requirements.

12. Asset Management Support

• Property Management Agreements: Drafting and reviewing property management agreements to define the roles and responsibilities of property managers.

• Operational Support: Providing ongoing legal support for the management and operation of commercial properties, including tenant relations and maintenance issues.

At LMB Partners, we are committed to delivering exceptional legal services for commercial real estate purchases and sales. Our comprehensive approach ensures that your transactions are handled with the utmost care and professionalism, from initial due diligence to final closing. Contact us today to learn how we can assist you with your commercial real estate needs.