The rate of homeownership in Philadelphia has been steadily decreasing in recent years. However, property law is relevant for more than just buying a home.
Whether you are looking for a penthouse apartment or a new business office, you are going to need the help of a good property law practitioner. However, not all property lawyers are the same. Different lawyers specialize in different kinds of transactions.
Read on as we explore the differences between commercial property law and residential property law.
Commercial & Residential Property Law: The Basic Differences
The primary difference between residential and commercial property is that the former is for living in, while the latter is for doing business.
However, it is not quite as straightforward as that. Many differences are caused by this in terms of the legal requirements of transactions.
Naturally, one of the foremost considerations in terms of any transaction is its financial implications.
Generally speaking, … Continue reading