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Real Estate Law
Real Estate Services at Nokomis Legal
Nokomis Legal focuses on delivering top-tier real estate legal services to meet the diverse needs of my clients. My approach is client-focused and deal-oriented, ensuring that transactions are streamlined and successful.
Comprehensive Real Estate Legal Support
I counsel buyers, sellers, tenants, landlords, and developers on all aspects of commercial real estate, offering legal services in:
Commercial Leasing: Representing both landlords and tenants in negotiations.
Acquisitions + Sales: Managing purchases and sales, including thorough due diligence.
Development: Assisting with all phases of real estate development.
Financing: Navigating complex financing deals and loan documentation.
Focus on Main Street + Community Development
My legal services extend to supporting main street businesses and community projects, including securing funding through programs like Minneapolis’ Ownership and Opportunity Fund (OOF), which was formerly known as the Commercial Property Development Fund (CPDF).
Tailored Solutions for Diverse Clientele
I work with a variety of businesses, including dental practices, independent grocers, restaurants, and real estate developers, providing customized legal solutions that cater to their unique needs.
No matter the industry, I take the time to understand each client's specific challenges and goals, ensuring that my legal advice is practical, strategic, and aligned with their business objectives. By offering personalized and focused legal services, I help my clients achieve their vision and thrive in their respective markets.
Contact Nokomis Legal
Reach out to Nokomis Legal to discuss how I can assist with your real estate legal needs and ensure your transactions are efficient and successful.
Representative Experience
Type of Client: Real Estate Developer
Client’s Issue: Assembled multiple properties for new multifamily project
My Approach: Leverage years of real estate experience to efficiently document acquisition and manage risk
Result: Properties acquired and awaiting construction
Type of Client: Commercial Tenant
Client’s Issue: The client loved their new space, but the broker recommended having a lawyer review the lease
My Approach: Worked on a fixed-scope and budget for the lease review and leveraged years of leasing experience to obtain meaningful concessions from the Landlord
Result: Happy commercial tenant!
Type of Client: Real Estate Developer
Client’s Issue: New Markets Tax Credits loan documents and opinion required
My Approach: Leveraged my years of representing borrowers; efficiently negotiated loan documents and provided opinion
Result: Successful New Markets Tax Credits closing!
FAQs About Real Estate Law in Minnesota
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The key steps include due diligence, negotiation of terms, drafting and reviewing contracts, securing financing, and closing the deal. Each step requires careful attention to detail to ensure the transaction meets all legal requirements and the client's needs.
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Consider the lease terms, including rent amount, duration, renewal options, maintenance responsibilities, and potential restrictions on property use. It's essential to negotiate favorable terms and understand your rights and obligations under the lease.
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Financing options include traditional bank loans, commercial mortgages, SBA loans, and private financing. It's important to evaluate the terms, interest rates, and repayment schedules to choose the best financing option for your needs.
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Property taxes in Minnesota are based on the assessed value of the property and local tax rates. Property owners can appeal the assessed value if they believe it is inaccurate. Understanding the property tax system can help manage costs effectively.