Selling and buying of property is one way of increasing the company asset base. It shows the venture is growing, and that boosts investor confidence in the entity. However, the process of acquiring or releasing property is complicated, and you have to hire the services of a professional. In this article, you will learn the desirable attributes to look for when hiring a corporate Chicago corporate real estate attorney.
The attorney should be qualified. The professional should have attained the necessary training, which includes having pursued a degree in law and specialized in real estate law. After that, the advocate sits for bar exams and should pass to start practicing. Only a qualified individual can handle the complexity in the transfer of property. You cannot risk the company incurring huge losses because you hired a cheap, unqualified lawyer.
Consider if the attorney is licensed. Having a license is proof that the state recognizes the services of your lawyer. It is easy to find out if the lawyer is licensed. Visit the state bar website and search their name. You will find all the details, including the advocate name and necessary contact information. You can also detect if they have had any related ethical issues. This will help in guarding the venture reputation.
Always prefer one with enough experience in real estate. A lawyer is supposed to help you get a sweet deal when buying or selling. They will ensure that the terms of negotiation are favorable to the company. The professional is supposed to make sure that the lease agreement is signed and more importantly represent you in closing the transfer. You can, therefore not afford to risk hiring an inexperienced lawyer.
The lawyer must be punctual. Time factor in registration of titles and legal is critical. Your advocate should be able to submit all the documents in time to avoid paying fines. This will result in a company incurring additional costs during the purchasing of the property. Companies have a fixed budget for any activity approved by shareholders. It is, therefore, another tedious process to request a supplementary budget to cater for the fines.
Hire a trustful lawyer to handle property transfer. The lawyer should be transparent enough to provide all receipts for any transaction. They should also explain all the details in the sale agreement clearly. You should not hire a lawyer with conflicting of interest in the business. This is to ensure that the lawyer works best to company interests.
Your lawyer should have perfect communication and analytic skills. The process of negotiation requires that the attorney amicably prepares and presents your ideas. The lawyer should also be able to examine deals tabled and perform a comparative analysis so that your company gets the best deal offered.
Corporate society demands a high level of professionalism, and not doing things in a shortcut. You are required to guard the image of the company, by all means. That is why you are supposed to make sure that you get the best human resource in the job market.