| Are you looking for a good return on your money? A | | | | The only way to see if you need easements is to |
| better return than you can ever get from a bank or | | | | get a survey of your property depicting not just the |
| money market investment? Why not invest in | | | | property but any easements that pertain to the |
| commercial real estate. Although the residential real | | | | property. The title insurance commitment should also |
| estate market has pretty much bottomed out | | | | reflect a legal description of the easements. The title |
| throughout most of the United States, the | | | | company needs to search not only the commercial |
| commercial real estate market is thriving. If you have | | | | real estate property that you are purchasing but also |
| always wanted to invest in the real estate market | | | | any other property in which you are receiving an |
| but are hesitant about the current residential market, | | | | easement. The reason for having this property |
| invest in commercial real estate. | | | | searched includes the following points: |
| When you invest in commercial real estate, you need | | | | 1.You need to know that the person who signs the |
| to understand that there is a vast difference | | | | easement agreement or deed is legally entitled to |
| between commercial real estate and residential. Not | | | | convey interest in the property; |
| only is the market different, but so are the laws. Due | | | | 2.You need to know that there are no burden on the |
| diligence in commercial real estate is different than | | | | easement property that would prevent you from |
| that in the residential market. You still want to make | | | | using it; |
| sure you get an inspection of the property prior to | | | | 3.You need to know that the taxes on the easement |
| the settlement as well as a survey of the property. | | | | property are current. It would be unfortunate to |
| You also have to make sure that you get any | | | | purchase commercial real estate property that is |
| easements included in the sale if they are needed. | | | | dependent on easements and discover that the |
| Most people think of easements as those that | | | | property is in a tax sale. A person who purchases the |
| burden the property, such as those for utilities and | | | | property could insist that you pay money to use |
| sewer. With commercial property, there are often | | | | their property; they may even erect a fence to |
| easements that benefit the property. In some cases, | | | | prevent you from using the land. |
| in order to get to a property people have to drive | | | | When you invest in commercial real estate, make |
| their vehicles over other property owned by other | | | | sure that you have an attorney who is well versed |
| people. In such a case, the person who purchases | | | | when it comes to commercial real estate, not just |
| the commercial real estate will want to make sure | | | | residential real estate. Commercial real estate is an |
| that they get the easements needed for parking or | | | | entirely different than residential real estate and your |
| entering and exiting. These can be included in the | | | | attorney should be knowledgeable in this aspect of |
| deed or in an easement agreement. | | | | the real estate industry. |