Commercial Real Estate Closings

Commercial real estate transactions involve numerous legal issues. You need a knowledgeable attorney by your side to ensure a smooth closing process.

Byrne Westmoreland, PLLC is experienced in providing counsel and closing services for a wide variety of commercial real estate matters. Our attorneys are experienced in transaction involving the purchase of vacant commercial land, the sale of developed properties, shopping center transactions, mixed-use buildings, condominiums, warehouses, and more.

Our attorneys can provide legal services throughout all stages of the commercial transaction, including contract drafting, due diligence matters, regulatory approval, financing issues, and title matters.

With the guidance of our experienced team at Byrne Westmoreland, PLLC, you can be sure that your commercial transaction will be structured and closed in a manner that leads to the best possible result for you.

Title and Title Insurance

Title insurance is an insurance policy purchased at closing, or shortly thereafter, that protects your property by insuring against future claims or losses due to title defects resulting from past events, errors and omissions. A home is the largest purchase most people make in their lifetime, and title insurance is a vital way to protect that investment.

Title insurance is unique, because it provides coverage for claims made in the future, or losses incurred in the future, resulting from title defects caused by something that happened in the past. Title insurance provides important protection against hidden risks, such as “stray” deeds, forgery, incapacity or incompetency of the parties, and other undiscovered errors.

There are different types of title insurance that protect you in different manners. Like other forms of insurance, most title insurance policies have “standard exceptions” for certain issues that are not covered. These standard exceptions vary from market to market.

Title insurance rates are regulated at the state level and with pricing based on the purchase price of the property. Premiums are paid only once, at the time of closing. Mortgage lenders will almost always require a lender’s title policy, paid by the buyer/borrower as a closing cost. When a lender requires title insurance, an owner’s title policy can be purchased for a nominal additional premium.

At Byrne Westmoreland, PLLC, we recommend that all buyers purchase an owner’s title insurance at closing. We believe that the owner should receive the same protection as their lender. As approved attorneys and agents for multiple major title insurance companies, our attorneys’ expertise can help protect your biggest investment.

Other Real Estate Matters

In addition to our busy closing practice, our attorneys are experienced with numerous other real estate matters, including:

  • Contract drafting, including for-sale-by-owner (FSBO) transactions and seller-financed transactions
  • Landlord-tenant matters, lease drafting, and other rental property matters.
  • Short Sale negotiation and closings.
  • Homeowner’s association matters, drafting of covenants and restrictions, HOA dues collections, and HOA lien filings.
  • Deed preparation

We would welcome the opportunity to help with your real estate legal needs.

From Real Estate Closings to Wills and Trusts

Byrne Westmoreland, PLLC