It doesn't matter what side of a real estate transaction you are on, you need to know how you fit in, what is expected of you, and which steps you can take to ensure that you don't get taken advantage of.
In New York City, for example, there are a variety of laws that govern the real estate industry, including what happens after a sale is final or an agreement is made.
A real estate transaction may start out positive, with everything looking good from where you are sitting. Soon enough, however, this can change and you can find yourself dealing with a variety of issues. For example, commercial landlords have the potential to face a variety of problems, including but not limited to:
-- Illegal sublet
-- Building violations
-- Failure to stay in compliance with the lease
This has nothing to do with the real estate transaction itself, but everything to do with what happens afterward. When you know what to expect you are in better position to make decisions that allow you to avoid trouble.
It is your hope that any real estate transaction goes smoothly from start to finish. This includes buying a property, selling a property, or renting to a tenant.
If you are dealing with a problem with regard to a real estate transaction, it makes good sense to learn more about your situation and how the law will impact the future. Our "New York City Landlord Tenant Lawyers" webpage is full of useful advice for people in this position.