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Updated over 5 years ago on . Most recent reply

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William Tomp
  • Investor
  • Phoenix, AZ
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Do I need an attorney for small commercial RE deals?

William Tomp
  • Investor
  • Phoenix, AZ
Posted

I was told getting an attorney for commercial RE deals is a must, but does it still make sense for smaller deals like 5-8 unit apartments? 

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Vivian Huang @William Tomp I believe you should have an attorney for any commercial deal. Commercial contracts are very different than residential contracts. They are usually created for a specific deal.  Are you familiar with contract language? Are you familiar with the due diligence requirements of a commercial lender?

Ultimately as you get more experienced you may have an attorney you only refer to when you fell the need. 

  • Ned Carey
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