Real Estate
Real Estate Transactions
A real estate transaction is the legal sale and transfer of a property through written contracts. The transaction conveys the property’s mortgage and interest to a new party.
Office, retail and industrial leases
Office, retail, and industrial leases are contracts between a landlord and a business for the rental of a property in order to use it as a commercial space. The business makes a monthly payment to the landlord to use the property for commercial purposes.
Commercial and Residential Sale, Purchase and Lease
Residential real estate is the sale or leasing of condos or single-family homes to individuals and families. Commercial real estate is the leasing or sale of properties for retail businesses, office spaces, industrial sites, or hotels. A real estate purchase legally transfers the ownership of the property to another party while leasing does not. Leasing requires the tenant of either a commercial or residential sale to make monthly payments to the owner, or landlord, in order to use the property.
Real estate property acquisitions and divestitures
A real estate property acquisition is the process of gaining ownership of or interest on a property. A real estate divesture is the process of surrendering ownership of or interest on a property.
Construction and permanent financing
Construction and permanent financing is a type of loan used to finance the construction of a home. When construction is complete, the loan turns into a mortgage on the home and allows for a single set of closing costs instead of two.
Landlord/tenant relationships
A tenant-landlord relationship is created in the eyes of the law as soon as a lease is signed. The landlord is the owner of the property while the tenant is the renter of the property. The tenant agrees to pay the landlord a monthly fee to use the property during a specified time period.