What type of legal issues should I be aware of when buying commercial property for my business?

1. Zoning laws: Before purchasing any commercial property, it is important to ensure that the property is zoned for the type of business you are planning to run. Different municipalities may have different zoning regulations, so it is important to research the local zoning laws before making a purchase.
2. Environmental regulations: Depending on the location of the property, there may be various environmental regulations that you need to be aware of. For example, if the property is located near a body of water, you may need to obtain a permit to discharge any wastewater. You should also investigate whether the property has any known environmental hazards.
3. Lease agreements: If you plan to lease part or all of the property to other businesses, it is important to review any existing lease agreements. You should also ensure that any new lease agreements are drafted in compliance with local laws and regulations.
4. Title issues: It is important to work with a title company to ensure that there are no liens or other title issues that could prevent you from taking ownership of the property. You should also obtain title insurance to protect yourself in case any title issues arise in the future.
5. Property taxes: You should be aware of the property tax obligations associated with the property you plan to purchase. Property tax rates vary by location and can have a significant impact on your business's finances.
6. Building codes: Depending on the condition of the property, you may need to obtain various permits and comply with local building codes before making any structural changes or renovations.

In addition to these issues, there may be other legal considerations that vary depending on the location and specific circumstances of your purchase. It is important to work with an experienced real estate attorney who can review all legal documents and advise you on any potential issues or risks.