Law Office of Herman I. Kalfen - Civil Litigation - Business Law - Environmental

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Call anytime 415.315.1710
TOLL FREE 1.888.415.WINS

Buying Real Estate

Corporate real estate transactions invariably have far-reaching business and economic repercussions. This web page explains considers some of the issues common to commercial real estate transactions in California.

Purchasing Real Estate – Some Concerns / Issues

  1. Buyer must make Thorough Investigation – Due Diligence
    Many real estate transactions are fairly complex. Because a purchaser may later be held liable for such things as environmental hazards or injuries caused due to the condition of the structure, it is imperative that a prospective buyer make a thorough investigation of the property before buying.
  2. Purchase Agreements
    A good purchase agreement should provide the buyer with ample opportunity to assess such risks and verify all terms of the lease. If the purchaser is acquiring rental property, it is his or her responsibility to verify the terms of rental agreements, and to explore any claims tenants may have against the seller, because such claims later may become the legal responsibility of the purchaser.
  3. Environmental Hazards
    Of increasing concern to businesses are environmental hazards that may come with acquiring real estate. Leaking underground oil storage tanks or hazardous emissions, for example, may become the cleanup responsibility of a new owner under state and federal environmental laws. Even a new owner who neither contributed to, nor knew of the contamination, may be required to pay for the cost of cleanup. 
  4. Other Issues – Easements / Disputes / Financing
    Other issues common issues include access such as title disputes, easements, water rights, mineral rights, vapor intrusion, and damage to neighboring parcels, and financing.  An experienced real estate attorney should be able to adequately advise on the many issues of concern to parties buying real estate.

 
Law Office of Herman I. Kalfen - Civil Litigation - Business Law - Environmental

Kalfen Law Corporation
Herman I. Kalfen, JD, REA, NAEP

1 Embarcadero Center, Suite 500
San Francisco, California 94111

Call Anytime - 415.315.1710
TOLL FREE 1.888.415.WINS
info@kalfenlawcorp.com


Copyright © 2008- Herman I Kalfen. All Rights Reserved | DISCLAIMER


Providing legal services to all of California
Including the following San Francisco Area Cities

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Atherton • Belmont • Brisbane • Burlingame • Colma • Daly City • East Palo Alto • Foster City • Half Moon Bay • Hillsborough • Menlo Park • Millbrae • Pacifica • Portola Valley • Redwood City • San Bruno • San Carlos • San Mateo • South San Francisco • Woodside

Santa Clara County, California

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Santa Cruz County, California

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Solano County, California

Benicia Dixon Fairfield Rio Vista Suisun City Vacaville Vallejo

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Napa Valley, California

American • Canyon • Calistoga • Napa • St. Helena • Yountville

San Benito County, California

Hollister • San Juan Bautista • Tres Pinos • Aromas • Paicines • Ridgemark