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Differences Between CRE and Residential Property
The buying and selling of commercial property shares many similarities with residential property, however there are some significant differences. The most noticeable difference is generally in the size of the agreement, which will contain pages and pages of explicit details that you will not find in a standard residential agreement. This is because of such factors as liens, title issues, zoning requirements, and concern about hazardous materials. Each property and its issues are different from the next, but they all require careful attention to each detail. Also, location of the property becomes a much greater concern when it may decide the fate of your business. Those purchasing a commercial real estate property will often have less consumer protections than those purchasing residential, which is all the more reason to spend extra time reviewing each and every aspect of the contract.
 
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