Did you know that building a condominium requires much more than simply finding a plot of land that will work excellently for multiple housing units? You have to make sure you follow several rules and guidelines, stick to the legal restrictions of your area, and do other things from financing well to creating purchasing contracts with potential buyers in the future, and this is all before you start your construction project.
It's wise to get an attorney — particularly a construction attorney — to assist you in your condo building strategy to ensure that everything goes smoothly. Why do you need an attorney? Whether you have already broken ground on your condo project or you have yet to get started, make a call to a construction attorney as soon as you can. Here are reasons to get a construction lawyer, even if you don't anticipate any legal issues along the way.
Your lawyer assists you with financial issues
Do you have a silent investor as part of your condo building experience? Are you planning on leasing out your condos when finished, or are you taking out multiple loans to get the buildings designed? Your construction attorney will assist you every step of the way in the financial part of your condo building needs so you are made aware of all financial changes and needs.
Your lawyer assists you with permits and building codes
A construction lawyer knows the building codes of your area and will help you make sure that your condo project stays on top of all legal restrictions so you don't have to be halted during construction due to inspections or failure to comply with the codes of your municipality. Your lawyer will also help you apply for all required building permits so paperwork is filed on time and appropriately.
Since many condo and other commercial and residential construction projects require multiple permits and other safety and legal restrictions to complete them, it's wise to have a construction attorney by your side who understands the laws of your specific area. This helps your project get off to a great start.
Your lawyer assists you with transactions
Are you building a condo to sell the property right away, or do you want to lease the buildings after construction? Your construction attorney will help you know which course of action is best to get you the most out of your project. All legal and financial issues you have should be directed to your construction attorney.
For more information, contact a construction attorney in your area.