Legal Question in Real Estate Law in Georgia
My family owns a commercial building. I want to lease the property to a business. What do I put in the legal description of the lease agreement? I live in GA
2 Answers from Attorneys
That's perhaps the least important question, as a street address or legal description both could be okay, depending on what is being leased. The other terms are more important and you should have a lawyer custom write the lease to protect you. The cost is minimal. Feel free to call me to discuss details.
You can use the legal description (the description on the recorded deed), but just using the common street address is probably fine. As Mr. Ashman correctly states, that is typically a very minor point as compared to term, payment terms, default remedies, condemnation/destruction, etc.
If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
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