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real estate law Archives

Commercial real estate terms that are important to know

Commercial real estate transactions are complex due to long legal contracts and high price tags. They also involve obscure terms rarely seen in other places. Before entering into any type of Ohio commercial real estate deal, each party should have knowledge of the most important industry terms. These include:

Avoiding common real estate investment mistakes

Real estate investments in Ohio and around the country have generally performed well in recent years, but the market can be unforgiving when individuals make hasty decisions and fail to perform adequate due diligence. Individuals who are considering a portfolio of multifamily units or commercial properties can avoid costly mistakes by understanding the complexity of these transactions and learning from the experiences of those who have succeeded and failed in this area.

How tax reform could impact commercial real estate investments

The passage of tax reform isn't expected to have a huge impact on the commercial side of the real estate sector. However, now that it's clear what tax guidelines will be in place going forward, Ohio investors will be able to formulate a game plan to deal with potential tax issues related to their investments. Tax reform clarification may also ease the hesitation some investors had about proceeding with plans to diversify or enhance a portfolio that includes commercial properties.

Commercial real estate loans now have higher standards

Entrepreneurs in Ohio who are interested in obtaining a loan so that they can purchase a property might have to face higher standards to get approved. The Federal Reserve reported that commercial real estate loans were more tightly restricted in the second quarter of the fiscal year. Nonetheless, owners who are interested in business loans will find that the standards are the same and have not become more restrictive.

A proposed tax law change could influence CRE projects

Commercial real estate developers in Ohio and around the country generally base their decisions on market data, experience and intuition, but their actions are also influenced by the nation's financial regulations and tax laws. Financial experts have paid little attention to the tax rules pertaining to hedge fund carried interests as they have remained stable for decades, but changes proposed by the Internal Revenue Service would almost double the the tax rate. Industry analysts say that the IRS proposal, if it were to be enacted, could severely impact the entire commercial property sector.

Over building and uncertainty slow commercial real estate deals

Property investors in Ohio have to contemplate many elements, including financing and taxes, before entering a commercial real estate transaction. Growth in the commercial property sector has been strong for six years, but analysts worry that prices have peaked and some large cities might now have an excess of inventory because of a building boom.

Why commercial real estate may be the better option

People looking to invest in Ohio properties may gravitate toward residential as opposed to commercial real estate. However, there are several reasons why buying commercial real estate may be the better option. First, buyers may find that commercial tenants are better than residential tenants. In many cases, commercial tenants have their own maintenance teams or others who can take care of issues that residential tenants may expect their landlords to deal with.

Tips for Ohio commercial real estate sellers

When selling commercial real estate, many people assume they can depend on the services of their buyer's attorney. However, it might it may be wise for sellers to hire their own experienced real estate attorney who can personally assist them with the transaction. Besides preparing important documents, a real estate attorney can be very beneficial to sellers in other ways as well.

How apps can benefit Ohio real estate investors

Just a few years ago, real estate professionals had to manage their information with enormous Excel databases. However, thanks to a number of technological advancements, communication, maintenance requests and rent logs can be handled through a number of easy-to-use apps. This technology can be beneficial to investors, property managers and even tenants.

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