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Anaheim Legal Issues Blog

Sharing commercial real estate may help individuals start small

At some point in their lives, many California residents want to explore different avenues of earning their income. Some parties may enjoy their current career paths but may also want to earn extra money in a more passive way. Investing in commercial real estate can act as a lucrative option for this type of scenario, but there are many avenues in this industry to consider.

For someone just getting started in this type of investing, it may seem difficult to find the right property. Fortunately, individuals can explore different ways of starting small. For instance, parties may want to consider co-investing rather than trying to go at it alone. Each person involved would own a share of the property and divide the profits. Each person would also have a responsibility in attending to the property and the needs of the tenants.

Interested in breaking into commercial real estate?

Numerous California residents may have an interest in real estate. However, before jumping into any transactions, individuals who do not have experience dealing with commercial real estate may want to educate themselves on the complexities of this industry. While it can prove lucrative, it also takes a great deal of work and some financial risk.

Fortunately, there are a number of steps people can take to learn more about this industry. For instance, they may want to determine the exact type of commercial real estate they are interested in. Some people may want to explore retail spaces and others may look into hotels or gyms. This type of real estate can cover a wide range of businesses, and it makes sense to find the one that best suits a person's interests and goals.

Finding a dream home takes compromise and consideration

Buying a home can be an exciting time in any California resident's life. One may know that a lot of work will go into finding the right place to live, but it should not take away from the enjoyment of searching for a future home. Of course, it is also wise for individuals to remember that compromise may be necessary in order to remain financially secure while looking for that dream house.

Many first-time home buyers think that having enough money for a down payment means they are set to purchase a home. However, that is not always the case. Many different factors go into whether a person can truly afford a house at a certain price. Parties may forget to factor in taxes, maintenance fees, closing costs and a number of other expenses that go beyond making a down payment and handling monthly mortgage payments.

Common causes of real estate disputes

When involved in the buying, selling or otherwise transferring of land, complications can arise. When these complications arise, there is a lot at stake. Real estate is very often the most significant financial risk a person takes in their life.

There are many ways that a dispute can come up during, or after, a real estate transaction. Here are five of the most common causes of real estate disputes.

Farm owners face construction litigation over noise

When construction projects begin, the individuals behind projects in California and elsewhere may have grand ideas about how the new additions will improve the community, their ability to meet certain needs and allow them to reach other goals. However, other parties may not be pleased with certain aspects of the construction, and they may take steps to bring it to an end. As a result, multiple parties could end up embroiled in construction litigation.

It was recently reported that a lawsuit involving the owners of a farm and their neighbors is currently underway in another state. Apparently, the neighbors are disgruntled with the amount of noise the construction on the farm is generating, and as a result, the neighbors filed suit claiming that the farm owners are violating their right to "quiet enjoyment" of their residences. The farm owners stated that their construction projects are necessary to expand the services they provide on the farm, which include programs for disabled and autistic children.

It takes many steps to dissolve a company

Though many businesses have the potential to last for decades, it is common for companies to close their doors. When an owner does want to dissolve a company, it is not as easy as simply shutting down operations and not starting them up the next day. In fact, it can be quite an extensive process when done correctly.

California business owners looking to dissolve their companies may have different steps to take depending on the type of business structure they operated under. Businesses will need to follow the articles relating to their companies and the specific instruction for dissolution. Owners who filed documentation with the state when they opened their businesses will also need to file their dissolution papers with the state.

Real estate disputes can impact businesses

Competition exists in every business industry. While this is to be expected, there are some instances in which competing companies or businesses can take unseemly steps to harm the operations of another company. This could prove particularly true when individuals are looking to buy land to develop and feel duped by another business. As a result, real estate disputes could arise.

California readers may be interested in this type of situation currently underway in another state. Reports indicated that a development company has filed a lawsuit against an individual and a timber executive over a parcel of land. Apparently, the defendants had been shown the property before it went on the market, and they did not wish to purchase the property due to concerns over wetlands impacting development ability.

Commercial real estate leases often need negotiations

Running a California business often means needing a place out of which to operate. While some small businesses may have the ability to operate out of their homes, that is not always feasible for those looking to grow their companies. As a result, they often utilize commercial real estate to do business, which typically also means signing a commercial lease.

Leases are legally binding documents, and business owners can work to negotiate terms. If individuals have already signed a lease and the duration of the contract is coming to a close, it may be time to start thinking about negotiating. In some cases, parties may be able to negotiate for a lower rent, especially if new businesses are paying a lower rent to the same landlord.

Construction litigation involves Brad Pitt's nonprofit

Many people want to help others when they can. Unfortunately, their efforts can sometimes be undermined by the actions of other parties. In some cases, construction litigation can result when a person or entity does not perform when it comes to completing a project in a satisfactory manner.

California readers may be interested in a lawsuit that was recently filed by the Make It Right Foundation, which is a nonprofit organization founded by Brad Pitt. Apparently, the suit was filed against the architect of several homes that were built in another state meant to help families who were negatively affected by Hurricane Katrina. However, the homes were apparently the result of defective construction, and as a result, many families have suffered issues.

Commercial real estate could be a valuable investment

When investing, many people want to find ways that they can earn a passive income. While there is certainly still work involved, owning commercial real estate can often offer this type of opportunity. Of course, in order to get started, individuals interested in California real estate need to find the right property for their ventures.

While it is common for people to look close to home when considering buying property, it may be wise for parties to go beyond their local regions. Buying in different states could mean that different opportunities are available. Parties may be able to take advantage of different real estate sub-markets and varying changes in economy from one area to another. This diversification could better ensure that at least some investments have a chance of thriving even if one area is not.

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