Commercial Real Estate Attorney Philadelphia
Commercial real estate law governs real property – immovable property such as land, buildings and fixtures operated for profit. Commercial real estate includes any income-generating property such as offices, shopping malls, restaurants, industrial parks, retail stores, and factories. Commercial real estate transactions are regulated by both federal and state laws. Although commercial real estate investment may be very profitable, there is always an element of risk involved, such as non-payment of rent or depreciation of the value of the property. Confession of judgment clauses can also have serious consequences and should be understood thoroughly before entering into commercial real estate transactions. As a published columnist, lecturer and real estate law professor at Temple University’s Fox School of Business (undergraduate), Attorney Dimmerman is well-versed in commercial real estate law matters.