There are many different reasons that businesses decide to purchase commercial property in Pennsylvania. They typically purchase the property for specific purposes. They may need to have a warehouse in a certain location, they may need a new office, a larger facility...
Real Estate Law
4 missteps to avoid when investing in commercial real estate
As the U.S. economy appears heading toward recovery, it may or may bring along with it the commercial real estate market. Time will tell, but economists speculate that the commercial real estate market likely will take longer to bounce back as companies reexamine...
The importance of letters of intent in real estate
Real estate transactions can often seem straightforward. But there are pitfalls which can appear if care is not taken to avoid them. Making intelligent decisions early in the process of any transaction can help you avoid misunderstandings and even litigation. Letter...
What first time home buyer mistakes should you avoid?
When buying your first home, it is easy to feel overwhelmed and out of your depth. Many first time home buyers end up making avoidable mistakes simply because they get overwhelmed by information and do not do proper research. As a first time home buyer, what are the...
Negotiating a favorable commercial lease renewal
Before the end of your Pennsylvania commercial lease term, you may want to examine the local market and take a good, hard look at your existing lease agreement. Commercial lease terms are often lengthy, so it is wise to review your lease to make sure it still suits...
How can I win a bidding war on commercial property?
When the real estate market is especially tough, you may find yourself in a bidding war over a commercial property. If you really want to secure the property, you will have to find a strategy to win. Fortune Builders explains that a bidding war does not always end if...
Security deposits for rental agreements in Pennsylvania
Pennsylvania state law dictates agreements between landlords and tenants. The Pennsylvania Landlord and Tenant Act dictates what can be in a legal rental contract as well as suitable actions between the two parties outside of the contract. These laws determine how...
What should you research before signing a commercial lease?
After months of searching for the perfect location for your Pennsylvania-based business, you think that you found the one. Before signing a contract, what due diligence should you prioritize though? Business News Daily dives into some areas to research before agreeing...
What is the impact of zoning?
Zoning is something to consider when buying a property. It can have a variety of effects on your ownership and rights. According to Assessment Technologies, zoning has a large impact on the real estate market in several different ways. Regulating types of property One...
Making sure a commercial lease works in your favor
The search is on for a new office space for your business. Your company has grown, you have hired more employees and your current location has become too small. From a business perspective, that's a good problem to have. During your search, you stumbled across what...