When speaking about commercial real estate, almost invariably, the topic of abatement comes up at some point. Essentially, a tax abatement refers to the reduction of your commercial real estate taxes or some exemption granted to the individual business owner or the...
Commercial Real Estate
Can the state take my commercial property?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Dec 19, 2022 | Commercial Real Estate, Residential Real Estate
Tennessee is a staunch property rights state, and so it likely comes as a shock to our readers that the government can take our property for the public good through a process called eminent domain. The state need only provide us just compensation. Eminent domain The...
Understanding urban design overlays in Nashville
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Dec 5, 2022 | Commercial Real Estate, Construction
Most developers and general contractors in Nashville are aware of the existence and effects of the city’s zoning ordinance. The city promulgates a map dividing the city into zoning district, and the zoning code is a city ordinance that prescribes the types of land use...
Zoning disputes common for Tennessee business owners
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Nov 18, 2022 | Commercial Real Estate
Tennessee residents may purchase commercial property with the idea of starting or expanding their business. However, property owners are not free to build freely on their new properties. State and local zoning laws limit the use of the property and put restrictions on...
Restrictive covenants in Tennessee
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Feb 1, 2022 | Commercial Real Estate
Purchasing a piece of commercial real estate can be an exciting venture. You may be starting a business or moving your current business to a new location. If it is a piece of commercial land, you may have plans to develop or subdivide the land. Prior to the purchase,...
Here’s how to seek a zoning variance
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Sep 9, 2021 | Commercial Real Estate
In an ideal world, you’d secure real estate that suited your every need for as long as you occupied it. In reality, though, needs change, and your ability to adapt the use of your real estate may be blocked by existing zoning ordinances. In these circumstances, it can...
Understanding how a specific plan district works
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Jun 10, 2021 | Commercial Real Estate
One of the principal challenges of land use planning, especially in large cities such as Nashville, is harmonizing uses on adjacent plots. Very often, the uses on individual lots develops in different and frequently conflicting ways. Also, newer types of developments...
Research prior to purchasing commercial property is important
On Behalf of The Law Office of Timothy H. Nichols, PLLC | May 17, 2021 | Commercial Real Estate
There are many different businesses that operate in Tennessee. These businesses produce many different products and provide many different services for the people that live here. These businesses do have something in common though and that is that they will need a...
What to consider before purchasing property with utility easement
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Jan 19, 2021 | Commercial Real Estate
Buying real estate can be stressful and exciting. The purchase can be more stressful when learning that a utility easement existed on the property. Utility easements grant utility companies the right to access a portion of a property owners to set up lines and do...
Quiet title actions: all you need to know
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Dec 24, 2020 | Commercial Real Estate
Acquiring new property is usually a cause for celebration, but it can become stressful if other parties also make claims to the property. After all, it may have taken years of scrupulous financial maneuvering to make that property acquisition possible. How do you...
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