Fortune Manning's Role As Property Lawyers In Commercial Property Development

The role of a property lawyer has recently become much more dynamic, as more care is now required to make property projects successful, particularly when there is a downturn in the commercial property sector. As Fortune Manning have observed, when the worldwide credit crunch was on, there was definitely an overall tightening and control of property developments, which resulted in there being, of necessity, more accountability from this area of the property market. As the team at Fortune Manning say, this is no bad thing as we have unfortunately observed, day after day, in the news media where projects have floundered, often due to the structure and funding arrangements of the project.

As commercial property solicitors, Fortune Manning’s job is to advise on legal risks on transactions and to assist clients evaluating and weighing those risks against their commercial objectives. In general, the legal issues dealt with by Fortune Manning are found in acquisitions and disposals of commercial properties, investments, landlord and tenant matters, leases, sales, developments and contracts, and environment risks. A great deal of the work involves new ways of structuring and transacting, whether through financing, developing or co-investing.

Generally, property law roughly falls into ‘contentious’ and ‘non-contentious’ work. As property lawyers, Fortune Manning can work in both camps, but it is more likely that they will tend to do one or the other. Non-contentious work will involve complex and demanding applications, often for large developments, which can have a shelf life of up to a decade.

People with a commercial litigation background are more interested in the contentious side of the property development business and may often be called upon to become mediators or advocates, as construction or development contracts and co-development contracts often have alternative dispute resolution mechanisms built into their contract.

Property lawyers like Fortune Manning are necessary in various stages of transactions and exchange of property to representing people on litigation matters. The Fortune Manning team can be counted on for professional, knowledgeable and responsive services.

For further information on commercial property lawyers, please visit the website at http://www.fortunemanning.co.nz