When it comes to real estate, Denver is very dynamic due to its location as the economic and regional center for Colorado state. It also has a mass of statutes of everything; from zoning, disclosure, and contract laws, to name a few. For these reasons, real estate law in Denver may seem to be very broad and complicated. This is not intended to be legal advice. There are real estate lawyers in Denver available to contact for legal advice. Whether you own a business location or are leasing one, you will most likely have a property law issue at some point. Below is a guide to discuss some of the crucial areas of real estate law for Denver businesses.
When planning to rent a business space, you need to know all that you will be getting into. An example of this is to know whether there are some toxic substances in the area you want to rent, such as asbestos or lead paint. You also need to know if the building has any energy usage restrictions and accessibility inspections you should know of. A lot of the time, we make decisions on things but fail to ask questions on what we do not see. It is therefore advised to know all the information upfront since disclosure laws vary from state to state. A business attorney will help you to review the different areas and advise you on the factors to consider once you are ready to lease or buy a space.
Landlord/tenant laws will protect the rights of both sides who have entered into a lease agreement. There are many areas included in these laws, such as payment of rental fees, taxation, right to privacy, and the right to terminate contracts. As a business owner in Denver, you need to comply with all these laws to prevent violations. It is best to hire an attorney based in Denver to advise you on all the rental and leasing issues ensuring that you are protecting your assets.
Zoning And Land-Use Laws
The choice of your real estate will significantly affect your business. Commercial real estate is divided into retail, restaurant, office buildings, multifamily, and more. All of these properties are subject to Colorado state zoning and land use regulations. These laws determine how taxation will be done and how a property should be used. You may also need to apply for rezoning to the local board, although this may not mean that your application will be accepted since there may be many competitors. With the help of an attorney, you can be able to understand these real estate laws to make the perfect selection for you.
Handling a real estate legal problem can be quite daunting. With all the changes concerning property rights and the changing nature of real estate laws in Denver, it is prudent to hire a competent lawyer who is well conversant with the laws of this area. With the above crucial areas of real estate laws, all businesses should ensure that they have the best counsel and understand all the Denver real estate laws, to avoid the loss of their rental or leasing space.