Commercial land transactions are complicated. There are many legal implications that must be analyzed in order to ensure that the transaction is successful. For starters, a diligent title search at the outset confirms there is rightful ownership in the selling party. Furthermore, implications of possible easements or covenants on the land must be discussed in order to determine that the property can be used for its intended commercial venture. At times, the documents involved in commercial land transactions can present a challenge to even the experienced commercial real estate buyer. Such transactions require strong organizational skills, unflagging attention to detail and the ability to adapt to unprecedented issues that may arise.
In his over 20 years in private practice, Larry McBennett has developed the know-how to assist clients with the purchase of office and medical building, shopping centers, vacant land and industrial and flex space. Along with commercial real estate purchases, Mr. McBennett closes commercial refinances, reviews and helps negotiate leases and drafts restrictive covenants and condominium declarations.
Importantly, Mr. McBennett understands that interwoven with most commercial real estate deals, are business transactions — a primary component of Mr. McBennett’s practice. Mr. McBennett can set up a limited liability company to acquire real estate, revamp the ownership of a partnership or corporation, prepare or review contracts and tenant leases, and draft all necessary documents. In addition, having represented many homeowners associations, Mr. McBennett has expertise in establishing owners associations, interpreting restrictive covenants and counseling clients on the enforceability of covenants. The Firm also assists clients in commercial property tax appeals in counties throughout North Carolina.
