The buying and selling of any type of real estate should always entail making sure that you’ve dotted all I’s and crossed all T’s. But when considering the purchase of a commercial property, the potential – and therefore, the potential exposures – that you can face may be much greater than those you face when simply purchasing a home or a condo.
Depending on the type of property that you’re buying, you could run into a plethora of various liens and title related issues. There may also be concerns with regard to zoning. In addition, as a commercial property buyer, you may or may not always be afforded the same mandatory disclosures that are required with residential property transactions.