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