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Seizure of commercial real estate can become a serious obstacle and problem for doing business : from actually paralyzing the work of the subject of entrepreneurial activity for some time, to the complete cessation of doing business.
The lack of access to such objects of commercial real estate can complicate the activities of enterprises and lead to significant losses.
In such cases, it is important to know how to remove the seizure from commercial property or commercial premises in order to resume its business activities.
In this article, we will consider the main steps to cancel the seizure of various types of commercial real estate, as well as how the law firm “Naumenko and Partners” can help in solving this issue.
Reasons for seizure of commercial real estate
Commercial real estate can be foreclosed on for a variety of reasons.
The most common grounds for seizure of immovable commercial property are:
- Failure to fulfill financial obligations. When a company defaults on debts or loans, the bank or other creditors can file a lawsuit and have the property seized.
- Tax debts . In case of non-payment of taxes, the state authorities can seize commercial real estate.
- Court decisions. After a court ruling on a debt or other dispute, the company’s property may be seized.
If a lien has been placed on commercial real estate and assets, it is important to understand the proper steps to take to have it removed.
Steps to Remove a Foreclosure on Commercial Real Estate
- Appealing the decision of the court or body that imposed the seizure . The first step in order to remove (cancel) the seizure from a non-residential building or other commercial property is to appeal the decision itself, which became the basis for the seizure. In this case, you will need the help of a qualified lawyer who can represent your interests in court and prove the illegality of the seizure or help to cancel it.
- Payment of debt. If the seizure is imposed for non-payment of debts or taxes, one of the options for its removal is debt repayment. After that, you can apply to the body that imposed the arrest with a statement about its removal.
- Submitting a petition to the court. After the debt has been repaid or if there are other grounds for canceling the seizure, you can file a motion with the court to cancel the seizure on commercial real estate, in particular, on commercial premises or an office. The court examines these issues and makes an appropriate decision.
- Legal support of the process. In order to effectively and quickly cancel the seizure, it is important to contact an experienced lawyer who specializes in the issues of removing the seizure from property.
The law firm “Naumenko and Partners” offers qualified assistance in matters of lifting the seizure of commercial real estate.
Our lawyers have extensive practical experience in resolving such disputes and can provide a quick and effective solution to your problem.
Types of commercial real estate that can be seized
Arrest can be imposed on any type of commercial real estate owned by both a legal entity (company) and an individual entrepreneur.
Here are some of the types of properties that can be seized and foreclosed on, including:
- Foreclosure on an office building – For businesses that operate in the service industry or have administrative staff, it is important to foreclose on the office, as an office foreclosure can paralyze operations and cause significant losses.
- Remove seizure from commercial premises – shops, shopping areas, markets – all these objects can be subject to seizure in case of existing legal grounds.
- Foreclosure of a warehouse building – for businesses that store goods, foreclosure of warehouse premises can paralyze their business operations.
- Removing a lien from a hotel is an important object for a business operating in the field of hotel services. In case of seizure of the hotel, the latter may lose not only profit, but also business reputation.
- Lift the seizure of an industrial facility – enterprises that have production facilities may also face the seizure of property, which threatens to terminate their activities.
- Lift the lien on gas stations, service stations, car washes – for business entities in the auto service sector, the lien on buildings or facilities can become a serious obstacle to doing business.
- Lift the seizure from the property complex – seizure of a number of related real estate objects of the company can lead to complications in business.
Lifting the arrest from these objects requires appropriate legal support so that the process proceeds without unnecessary delays.
How the law firm “Naumenko & Partners” can help
Law firm “Naumenko and Partners” has extensive experience in resolving disputes regarding the removal (cancellation) of a seizure from a non-residential building or other commercial real estate objects.
Our team of lawyers will help you:
- Assess the legality of the imposed arrest.
- Prepare the necessary documents to cancel the arrest.
- Represent your interests in court and other state authorities.
- Advise on possible ways to resolve the situation without the need to go to court.
We assist clients in matters such as foreclosure of commercial property, commercial premises and buildings, structures and other commercial real estate, and guarantee a high level of professionalism and efficiency.
The process of removing (cancelling) a lien from a non-residential building or other object of commercial real estate can be difficult and lengthy, but with the help of experienced lawyers, this task can be solved quickly and efficiently.
If your business is faced with such a problem, do not hesitate to contact the Naumenko and Partners law firm for quality professional legal assistance.
Contact us today for a consultation and to begin the process of foreclosing on your property.