Tenant Leasing Group (TLG)

Are there really that many differences between a Commercial Real Estate deal and buying or renting a house?

Theres a much wider variety of commercial property transactions than in the purchase of residential. Any real estate deal has its share of risks, and problems that can arise which you could never really foresee. In general, however, the risk and potential liability exposure that you face on a commercial real estate deal can be much greater than when you buy a house. We all have a pretty good idea of what goes on in a typical family home, but can you say the same thing about a piece of business property? Depending on the nature of the business, commercial property may have all kinds of restrictions and leasing problems. There may be greater concerns about hazardous materials or zoning issues. And there will always be questions about the suitability of the property's location for your business needs. Also, in many instances, you are not afforded the same consumer protections on a commercial real estate deal that may be available when you purchase residential property.