Purchase and Sale of Commercial Real Estate
The lawyers of Perkins Olson frequently represent business owners and commercial real estate developers in both the purchase and sale of commercial real estate.
With purchasers, we negotiate and draft purchase and sale agreements with the Seller. We take particular care to make sure that our client has full access to all necessary information, including rent rolls, leases, permits, income statements, and zoning restrictions.
Working with our title company, Maine Coast Title, we search titles, analyze title issues, and arrange for title insurance.
Leasing of Real Commercial Real Esate
There are many situations involving both landlords and tenants in connection with commercial leases, and Perkins Olson has served both over the years.
The leases involve a range of options, from triple net leases where the tenant pays specified operating costs, to gross leases where the tenant pays a monthly base rent only.
Our work with commercial leases has involved representing many large commercial property owners with multiple tenant leases. We have also represented landlord in build to lease situations which involve the landlord building the leasehold space to the tenant’s specifications.
Like-kind Exchange of Real Estate
We have represented multiple clients on sales of properties where the client engages in a “like kind exchange” of properties. With such qualified sales, the client can roll over the sale proceeds into the purchase of a “like kind” property so that the tax consequences are deferred until the roll over property is sold.
We have also represented clients with reverse like kind exchanges. This involves the client purchasing property and holding the purchased property in a nominee (a holding company) until the client can sell property so that the sale proceeds can be rolled over into the purchased property with deferred taxation.
Permitting for Commercial Real Estate
Perkins Olson works with clients and civil engineers on a range of permitting activities.
These permitting activities involve local, municipal permits, as well as State of Maine permits such as Site Location permits.
Resolution of Zoning Disputes
We have represented clients on resolving numerous zoning disputes.
Zoning Ordinances are often written with general language, leaving much room for interpretation.
Perkins Olson has had many successes working with clients to analyze zoning requirements and then to engage with municipal zoning officials, planning boards, boards of appeals, and abutters to resolve zoning issues.
Our title company, Maine Coast Title, provides title searches and title insurance for properties located anywhere in the State of Maine. Maine Coast Title can also arrange title searches and title insurance in any other state.
Purchase and Sale of Residential Real Estate
Maine Coast Title provides a full range of closing services for purchasers and sellers of residential real estate. This includes title searches, title insurance, and leases/purchases.