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Oswego Lawyer for Sale of Commercial Property

 Posted on February 02, 2023 in Real Estate

Attorney for Commercial Real Estate Sales in Oswego and Kendall County

At Gateville Law Firm, we have the expertise and passion for commercial real estate to assist you in commercial legal matters involving purchasing or selling commercial real estate property. We are your Oswego Commercial Real Estate Purchase Agreement Lawyers specializing in sales and purchases of commercial real estate transactions. Commercial real estate transactions require precision and expertise. Our attorneys and real estate team have a solid real estate background with over 50 years of experience. Our real estate team will address the critical issues while protecting your commercial interests. 

Factors to Consider in an Oswego Commercial Real Estate Sale

Our attorneys will thoroughly review your commercial real estate sales agreements. Our commercial real estate representation will further your interests and protect your financial goals. Our commercial background can assist, including purchases and sales of multi-unit apartment complexes, vacant properties, or warehouse storage units. The team of Gateville Law Firm can help you.

Commercial property sales involve due diligence to uncover problems and defects with the property through additional issues unseen in residential closing deals. We also can gather, review, and prepare commercial real estate leases, assignment of leases, and commercial eviction proceedings if necessary. We provide complete commercial real estate transactions for buyers' and sellers’ of commercial real estate. We also can assist in preparing and forming limited liability companies, joint ventures, and partnerships along with the written agreements that go hand in hand. 

Our commercial real estate attorneys represent businesses, individuals, and organizations with respect to their commercial legal needs, including the following:

  • Buying and Selling Commercial Real Estate, including assisting with financing, zoning considerations, and environmental issues

  • Financing considerations include bank financing, seller financing, and construction financing. We assist you in fitting the financing needs that meet your circumstances.

  • Easements and Declarations, including land-use agreements, reciprocal easement agreements, and utility easements.

  • Commercial landlord and tenant matters, including retail lease agreements and commercial tenant evictions.

  • Entity formation and joint venture agreements, including the establishment of limited partnerships, limited liability companies, and other business entities

  • 1031 Exchange Transactions involving the deferral of real estate taxes to acquire additional properties and defer capital gains taxes

  • LLC and Commercial Tax Planning for Developers, Multi-Unit Apartment Buildings, and Real Estate Investors

  • Purchase and Sale of a Business or Franchise, including the preparation of letters of intent

Mainstreet Organization of Realtors Commercial Sales Contract

The standard commercial real estate agreement is called the "Mainstreet Organization of Realtors Commercial Sales Contract," from now on referred to as "the Commercial Sales Agreement,”. The Commercial Sales Agreement is prepared by the Mainstreet Organization of Realtors. The Commercial Sales Agreement includes the significant terms following:

  • Purchase Price

  • Closing Details

  • Financing Terms

  • Prorations

  • Possession

  • Attorney Review

  • Inspection/Environmental Site Assessment

  • Disclosure

  • Condominium/Common Interest Associations

  • Seller Representations

  • Leases

  • Title

  • Performance

  • Notice

  • Business Days/Hours

  • Facsimile

  • Damage to Real Estate Before Closing

  • Plat of Survey

  • Bill of Sale

  • Clean Condition

  • Municipal Ordinances

  • Special Flood Hazard Area

  • Tax Law Compliance

  • Tax-Deferred Exchange


At Gateville Law Firm, our Oswego Commercial Real Estate Purchase Attorneys can assist you in negotiating and closing commercial real estate purchase and sale transactions in and nearby Oswego, Plainfield, Joliet, Shorewood, Yorkville, and Kendall County. Feel free to contact us at 630-864-5788 or via the online contact form.

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