Purchase and Sale
Perhaps the most fundamental aspect of real estate law is the process by which a person either acquires or gives up ownership of property. Numerous issues must be addressed in this process. What will the warranties be? What will the seller be liable for, and on what issues will the seller be relieved? What will be the inspection rights of the purchaser before the sale, and will there be any limitations on those inspections?
Steeg Law has experience in handling issues such as these, and the consequences of handling these issues can be very serious.
Another set of concerns relates to exactly what bundle of rights a buyer is acquiring, or what rights are being excluded. At this point, one must also consider issues of servitudes (easements) that either benefit or burden the real estate, as well as other rights that encumber the property.
Our real estate attorneys and our title attorneys work side by side in addressing these types of problems and finding integrated, comprehensive solutions that are tailored to the needs and goals of the client.
- Brokerage agreements
- Investment property – Office, Multi-family, Industrial/warehouse, Single-use sites, Retail/shopping centers
- Owner-occupied commercial property
- Purchase and sale agreements
- Purchaser’s counsel on $17 million apartment complex in Baton Rouge, Louisiana
- Represented seller of $2,500,000.00 warehouse facility in Metairie, LA
- Represented seller of inventory of five telecommunications retail stores in the greater New Orleans area
- Represented purchaser in acquisition of a major apartment complex in Mid-City New Orleans
- Represented purchaser of major medical office building in Jefferson Parish, approximate value $11 million
- Represented purchaser of $1,550,000 property in Baton Rouge for redevelopment into a gas station/convenience store
News You Need To Know
- New Orleans CityBusiness Publishes Robert Steeg’s Article on Hurricane Preparedness for Commercial Real Estate Agreements
- Commercial Real Estate Lessons from Near Miss Hurricanes
- In a Purchase Agreement, Words Matter—A Lot
- The Difficult Matter of Batture in Residential and Commercial Land Titles
- Some Tips on Section 1031 Exchanges