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The Law Offices of Colby Lewis

Relentless Representation in Construction Defect Cases and Breach of Contract
 Understanding Construction Defects

Commercial Property Lawyer

 

When your dreams of being a successful commercial property owner turn sour due to unexpected losses, it can be hard to know where to turn. Even when you are fully insured against such events, not all claims will be approved. When that happens, your only recourse is to file a civil action in court for the damages you have sustained. At the Law Offices of Colby Lewis, we know how hard you work as a business owner and how frustrating it can be when something goes wrong. From fighting with the insurance company to loss of profits, negotiating a claim can be stressful. Our legal team understands that you need quick legal solutions from trusted commercial property legal professionals. That’s why we are dedicated to helping our clients every step of the way in their commercial claim process.

Here, we take an extensive look at commercial property, the issues you may encounter, and steps you can take to find the best legal solution.

If you still have questions, or would like to get started with our services, time is of the essence when considering filing a lawsuit. Typically, you have only two to four years to file a case in civil court. Don’t wait until it’s too late – contact the trusted lawyers at the Law Offices of Colby Lewis today.

Types of Commercial Real Estate

 

Commercial properties come in many forms and sizes. The following are common types of Texas commercial real estate:

  • Restaurants
  • Factories
  • Warehouses
  • Ranches
  • Residential subdivisions
  • Office buildings
  • Apartments
  • Condominiums
  • Town homes
  • Mobile parks
  • Other spaces used for commercial purposes
Once a space is deemed a piece of commercial real estate, it will be informative as to what Texas laws apply.

Common Causes of Damage to Commercial Real Estate

 

Damage to your commercial real estate can mean loss of profits, repair costs and headaches. While damage can happen in a variety of ways, the most common causes are:

  • Fire
  • Explosions
  • Smoke
  • High winds
  • Storms
  • Hurricanes
  • Tornados
  • Flooding
  • Theft
  • Vandalism
  • Accidents
  • Falling equipment
  • Mold and mildew
No matter the type of damages, Colby Lewis and his legal team are here to help you get back in business fast.

Issues in Commercial Real Estate Contracts

 

Oftentimes, problems arise in the formation and execution of contracts. Though not an exhaustive list, these common issues could be a problem in your contract:

  • Valuation of property
  • Error in the valuation of income potential
  • Noncompliance with laws and regulations
  • Delays
  • Leases
  • Liens
Only a thorough reading of the documents involved and an extensive knowledge of Texas law will determine whether your contract has one of these problem areas. For a full case evaluation, contact the Law Offices of Colby Lewis, commercial real estate lawyers.

Types of Commercial Property Damage Claims

 

There are several ways that you, as a commercial real estate owner, can suffer damages. These include:

  • Structural damage
  • Equipment damage
  • Inventory and stock loss
  • Business interruption loss

Each type of damage will need to be thoroughly documented when submitting your claim.

Texas Commercial Property Insurance

 

While individual policies may differ, most commercial property insurance offers three layers of protection.

First, commercial property insurance covers losses that directly affect the business’ buildings, permanent equipment, machinery and fixtures. This means that in addition to the physical building, permanent aspects of the building such as the HVAC system will also be covered. Second, most policies offer business property coverage which includes non-permanent items and fixtures that are not covered by building insurance. This can include furniture, inventory, tools and equipment. Finally, some Texas commercial property insurance policies include protection of personal property that is under the care, control or custody of the commercial property.

Additional coverage options that may apply to your policy include:

  • Storm coverage
  • Hail coverage
  • Crime coverage
  • Newly acquired business coverage

Understanding your policy and how it protects you is vital when the unexpected occurs. Our experienced commercial property lawyers can help evaluate your policy and determine whether you have a claim.

Reasons Why Claims are Denied

 

Not every commercial property claim that is filed will be approved. Sometimes, owners are forced to file a lawsuit to receive damages. Common reasons why claims are denied include:

  • Failure to pay premiums
  • Fraud
  • Losses are outside the scope of the policy
  • Calculated losses exceed the value of the property
Remember, the insurance company’s objective is to pay you as little as possible – if anything at all. Because the insurance adjusters aren’t impartial, you need a competent legal professional by your side advocating on your behalf. At the Law Offices of Colby Lewis, we know how to fight for our clients and will do the same for you.

How Our Commercial Property Lawyers Can Help You

 

When you are a commercial property owner, any number of things can go wrong. No matter what the problem is, we can help. Here are just a few ways we advocate for our clients:

  • Explain options
  • Manage your case and legal deadlines
  • Give you a thorough review of your policy
  • Gathering evidence and finding expert witnesses to testify in your favor
  • Zealous negotiators who will find the best resolution of your legal problem
But that’s not all – with the Law Offices of Colby Lewis, you’ll experience outstanding client services, reliable communication and dedication to finding the right outcome for your business. Find the legal solutions you need by contacting us for a full case evaluation.

Commercial Property Owners Trust Colby Lewis

 

At the Law Offices of Colby Lewis, we know how to best represent our commercial property clients. We understand the issues you face and can give you the most favorable legal solution in the most efficient manner. Best of all, we can get you back on your feet and back in business fast. To speak with one of our experienced legal team about your case, call or click today.