Top Ways A Construction Attorney Can Help You When You're Planning To Build An Apartment Complex
You might be interested in owning multi-family rental properties, and instead of buying pre-built properties, you could be planning on building one or more apartment complexes on your own. If this is the case, then you will obviously need to work with the right builder. You will also probably want to work with a construction lawyer. These are some of the ways that a construction lawyer can help you when you're taking on this type of big real estate investment project.
Help Ensure Your Building Plans Meet the Law
There are building codes and regulations that have to be followed when building pretty much any structure. When you are building a unit that is going to house multiple people, however, the laws and codes can be even stricter. There are also specific landlord and tenant laws that you have to abide by if you are going to be renting the apartments out to tenants. Therefore, you should make sure that you are well-aware of these laws, regulations, and codes. Not only can a good contractor talk to you about these things, but a construction lawyer can sit down with you to look at your building plans, and they can help you ensure that your complex will meet or exceed the minimum standards required by law.
Get Help With Signing Construction Contracts
You will probably need to sign a contract with your general contractor and other contractors who will be working on your apartment complex building project. There is probably a lot of money at stake, so you should make sure that you carefully read over the contract before signing it. A construction lawyer can help with writing up or looking over the contract and explaining anything in the contract that you might not understand.
Get Assistance if Something Goes Wrong
Hopefully, you will not have to worry about anything going wrong when you are having your apartment complex built. You should hopefully be able to count on your contractor to build the complex according to your building plans, and you should be able to count on them to do good work while sticking with the basic timeline of your project. However, sometimes, things do go wrong, especially with big construction projects like yours. Your contractor might try to increase prices, for example, or they might fall behind on the project.
You might be worried that there isn't really anything that you can do if something like this happens, but this probably isn't the case. A good construction lawyer can talk to you about your options and help you with any lawsuits or other legal action that you might need to take if something goes wrong.
Reach out to a local construction lawyer to learn more.