We have represented landlords, tenants, sub-tenants and assignees of the positions of both landlords and tenants, and lenders, in connection with leases of commercial real estate and interests in commercial real estate such as:
In Fairfield and Litchfield Counties, the norm in a residential transaction is still a real estate contract drafted and negotiated by an attorney. This is not the practice in the remainder of the state, but having your lawyer review any contract you are about to sign is still the best practice everywhere. Beware, even in Fairfield and Litchfield Counties, you will most likely be given a document that is not denominated as a contract, but upon careful reading, is precisely that: a valid, binding contract. Only a lawyer, or a court of law, can tell you if what you are signing is a contract. The lawyer can do so for a few hundred dollars. To have a court make the determination will cost you tens of thousands of dollars and years of aggravation and uncertainty. A proper contract should reflect all terms agreed upon and other terms necessary to protect the interests of the parties. Do not assume any agreement, even one purported to be prepared by a lawyer or endorsed by a bar association, is appropriate. Seek counsel early and do not sign anything without doing so.
When you engage THE CAVA LAW FIRM LLC, you will be represented by a lawyer with long experience in representing borrowers and lenders in connection with real estate financing and refinancing. This includes the review of condominium and common interest community documents and title insurance policies for lenders, the preparation and negotiation of commercial loan documentation for lenders, review and negotiation of loan documents for borrowers, representation in connection with workouts and foreclosures. You will also have a lawyer who understands how the various document elements work and the limitations on remedies and their implications for the transaction. Greg Cava has taught courses on all aspects of real estate documentation, financing, and due diligence to lawyers and non-lawyers alike.
Purchases and Sales
Whether you want to buy or sell real estate, your very first call should be to your lawyer. Whether you are purchasing 100 acres of land for development, an office building, a shopping mall, or a new home, the purchase of real estate is a transaction of critical importance to the bottom line of a business, and to the financial well-being of a family or individual. The law of real property has become increasingly complex. The rule of thumb: if it seems simple and straightforward, it is not. And while there are forms, there is no such thing as a form agreement suitable to every transaction. Even the listing or sale agreement you sign with a real estate broker can create unexpected issues. It is essential to obtain counsel from the start of the process.
In addition to reviewing and negotiating the contract, you may require advice as to due diligence. This can be quite extensive in a transaction involving certain sorts of commercial property. It may involve obtaining land surveys, environmental site assessments, soil stability testing, permit searches, evaluation of title encumbrances in terms of impacts on future development or use, examination of zoning and land use files and permits, obtaining zoning, land use, and other permits before closing. If the property is a hazardous waste establishment, it will also involve the filing of a declaration under the Connecticut Transfer Act which may necessitate engaging special counsel depending on the complexity of the arrangements required. Here again, you will benefit from Greg Cava's decades of experience in handling multi-million commercial, industrial, retail and residential real estate transactions.