Commercial Real Estate at Thompson Burton
Thompson Burton PLLC provides effective commercial real estate solutions for business and property owners in the Nashville area. Our commercial real estate lawyers
are available to serve as your real estate transaction coordinator, land use attorney, or advisor on all other commercial real estate matters, such as:
- Commercial real estate closing costs
- Commercial real estate transactions
- Commercial real estate loans
- Types of commercial leases
- Contractual agreements
- Zoning laws
- Intellectual property laws
- Commercial real estate taxes
- Commercial litigation
- Bankruptcy and creditors’ rights
Our attorneys in Nashville, TN. have extensive experience representing commercial real estate clients from entrepreneurs to landlords to multi-location business owners.
Nashville Commercial Litigation Attorney
At Thompson Burton PLLC, we ensure that our clients and their properties stay protected. As a commercial real estate owner, you may experience disputes regarding incorrect zoning laws, leasing disagreements, tenant complications, loans, or property taxes at some point. If you require legal assistance in any of these areas and are searching for a commercial real estate attorney in Nashville, TN., don’t hesitate to contact our local law firm.
Our dedicated team of commercial litigation attorneys includes Walt Burton,
a founding partner of Thompson Burton PLLC. Walt Burton is a highly acclaimed attorney
known for his impeccable approach to detail when representing clients in real estate transactions, leasing, real estate finance, acquisition, and disposition.
Commercial Real Estate Lawyer Near Me
Thompson Burton’s commercial real estate attorneys are available to serve you throughout the Nashville area. To learn more about our commercial real estate attorneys and how we can assist you, give us a call or contact us
to schedule an initial consultation with our practice. We look forward to working with you.
It is not uncommon for commercial real estate lease agreements to contain an option to extend the original lease term. Most of the time, the lease will include language that confirms that all terms and conditions of the lease remain the same during the extension term, except for the rent amount, which shall be adjusted to reflect the “Market Rent” based on a pre-determined formula described in the lease. Many leases provide that a landlord will submit a value for “Market Rent” to the tenant within some period of time prior to the expiration of the lease term, and the tenant has the right to either accept or reject the value. If the Tenant rejects the value, a well-drafted lease will describe the exact process the parties will use to determine Market Rent during the renewal term. Traditionally, landlords and tenants resolved valuation disputes by using two or more “independent” […]
In Part 1 of my series on future rights, I described the 4 primary future rights with respect to commercial real estate as follows: (i) Option; (ii) Right of First Refusal; (iii) Right of First Negotiation; and (iv) Right of First Opportunity. Anytime, my clients indicate an interest to either grant or receive a future right, I always try to critically discuss the following issues: First, are there competing interests for the relevant real property that makes up the subject matter of the future right? In other words, the grantor of such a right should make sure that it has not given the same right or conflicting rights to multiple beneficiaries. For example, in the case of office space, one tenant may be entitled to an expansion option to certain space while another tenant may possess a right of first refusal that is pre-conditioned upon the first tenant not exercising […]
Whether as part of a lease or purchase and sale transaction or otherwise, real estate professionals often negotiate future rights with respect to real property. Sophisticated parties have varying motivations that lead them to focus on one right or another, but generally these rights are meant to decrease uncertainty and increase flexibility for the beneficiary. Part I of this two part series on future rights will focus on the the four primary types of future rights: I. Option: Example: In consideration of receipt of a $1 million option fee, Wes is hereby granted the option to purchase all, but not less than all, of Seam’s building located at 999 Peachtree Street, Atlanta, Georgia, legally described on Exhibit A attached hereto, for a price of $150 million in cash, exercisable at anytime within 24 months after the date of this agreement. The parties will have 60 days to close after the […]
The responses to my first blog post regarding electronic signatures have generally confirmed what I was already thinking about the topic—many lawyers have been accepting electronic signatures and operating under the protections of UETA and SIGN without even knowing it. Given the positive feedback based on my last post, I’ve decided to do a second blog entry on the topic with more of an emphasis on practice pointers. I’ve practiced commercial real estate law for almost 7 years now (6 ½ of those with one of the premiere real estate law firms in the Southeast), but I’ve never seen a big or small law firm utilize a program such as Docusign, Echosign, or Yozens for purposes of contract or closing documentation in the commercial real estate context. On the flip side, 4 months ago, my residential broker in Atlanta used an electronic signature program for document execution when we sold […]
There is unquestionably a trend toward greater use of Adobe, Docusign, Yozens, and other means of electronic signature for purposes of execution of legal documents and other correspondence. A simple Google search reveals dozens of vendors offering e-signature services. My clients, more and more often, are asking me whether they need to send originals or not when it comes time to execute legal documents. The concern is one of cost and convenience. Who wants to print a long document, sign numerous originals, then pay for overnight delivery service (which can cost up to $30 for Fedex) when a signed document can be sent electronically with the touch of a button? The question is whether these electronic agreements are legal and enforceable. The short answer: In most cases, originals are not necessary. Recognizing the need for certainty in e-commerce, forty-seven states have now passed some version of the Uniform Electronic Transactions […]