Commercial Real Estate Counsel Job Description [Updated for 2024]

commercial real estate counsel job description

In the modern business landscape, the importance of commercial real estate counsel has never been more evident.

As the world of commerce evolves, the demand for skilled professionals who can navigate, develop, and protect our commercial real estate interests grows stronger.

But let’s delve deeper: What’s truly expected from a commercial real estate counsel?

Whether you are:

  • A job seeker trying to understand the core responsibilities of this role,
  • A hiring manager outlining the perfect candidate,
  • Or simply intrigued by the complexities of commercial real estate law,

You’re in the right place.

Today, we present a customizable commercial real estate counsel job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Commercial Real Estate Counsel Duties and Responsibilities

Commercial Real Estate Counsel performs a variety of tasks related to the acquisition, development, leasing and disposal of commercial real estate properties.

They also provide legal advice and guidance to clients on these matters.

Their main duties and responsibilities include:

  • Advising clients on the legal aspects of real estate transactions including acquisition, disposal, and leasing of properties
  • Reviewing, drafting and negotiating commercial real estate contracts
  • Conducting due diligence investigations and reviews on commercial real estate transactions
  • Ensuring compliance with all local, state, and federal real estate laws and regulations
  • Representing clients in real estate disputes and litigation
  • Collaborating with other legal and non-legal professionals such as real estate agents, surveyors, and valuers
  • Maintaining updated knowledge of changes in real estate laws and regulations
  • Providing counsel on property rights, zoning laws, and other legal issues related to real estate

 

Commercial Real Estate Counsel Job Description Template

Job Brief

We are in search of an experienced and dedicated Commercial Real Estate Counsel to provide expert legal advice on commercial real estate matters.

This role involves reviewing real estate contracts, drafting legal documents, managing real estate transactions, and advising on compliance with real estate laws and regulations.

Our ideal candidate is well-versed in all aspects of commercial real estate law and has a proven track record of managing real estate transactions with professionalism and diligence.

 

Responsibilities

  • Provide legal advice on commercial real estate transactions, including acquisitions, disposals, and leases.
  • Review and negotiate real estate contracts and agreements.
  • Draft legal documents such as contracts, leases, deeds, and trust agreements.
  • Advise on compliance with real estate laws and regulations.
  • Coordinate with other departments to ensure legal risks in real estate transactions are managed.
  • Conduct due diligence on real estate transactions.
  • Manage legal disputes involving commercial real estate.
  • Liaise with external legal counsel as required.

 

Qualifications

  • Proven experience as a Commercial Real Estate Counsel or similar role.
  • Knowledge of commercial real estate law and procedures.
  • Experience in managing real estate transactions.
  • Excellent negotiation and communication skills.
  • Ability to draft legal documents and contracts.
  • Juris Doctor (JD) degree from an accredited law school.
  • Active member of the Bar.

 

Benefits

  • 401(k)
  • Health insurance
  • Dental insurance
  • Retirement plan
  • Paid time off
  • Professional development opportunities

 

Additional Information

  • Job Title: Commercial Real Estate Counsel
  • Work Environment: Office setting with possible travel for client meetings and site visits.
  • Reporting Structure: Reports to the Head of Legal or General Counsel.
  • Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $95,000 minimum to $175,000 maximum
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume, a cover letter outlining your qualifications and experience, and any relevant certifications to [email address or application portal].

 

What Does a Commercial Real Estate Counsel Do?

Commercial Real Estate Counsels are legal professionals who work within the real estate industry, focusing specifically on commercial properties.

They offer advice to corporations, real estate brokers, investors, and developers on different aspects related to commercial real estate transactions.

This includes purchase, sale, and lease agreements, property management contracts, financing agreements, and real estate development.

Their role involves conducting due diligence such as reviewing and analyzing property documents, zoning laws, and environmental regulations.

They also often negotiate contracts and draft legal documents on behalf of their clients.

Commercial Real Estate Counsels may also provide legal advice concerning disputes related to commercial properties, such as those involving leases, ownership, boundaries, or landlord-tenant issues.

In case of litigation, they may represent their clients in court or in front of administrative boards.

In addition, Commercial Real Estate Counsels stay updated on laws and regulations that could impact their clients’ business operations.

They work closely with other legal and real estate professionals to ensure that all transactions are legal, ethical, and in the best interest of their clients.

 

Commercial Real Estate Counsel Qualifications and Skills

A proficient Commercial Real Estate Counsel should have the skills and qualifications that correlate with the job responsibilities, such as:

  • Comprehensive knowledge of real estate law, including all legal rules and regulations related to commercial real estate transactions.
  • Strong analytical skills to understand complex property and lease agreements and identify potential issues or conflicts.
  • Effective negotiation skills to represent clients’ interests during deal discussions and settlements.
  • Exceptional communication skills to clearly and accurately explain legal terminology and procedures to clients and other stakeholders.
  • Ability to draft and review commercial real estate documents such as deeds, leases, purchase agreements, and titles.
  • Proficiency in conducting thorough legal research to provide accurate advice and recommendations.
  • Problem-solving skills to address any legal disputes or issues that may arise during transactions.
  • Excellent organization skills to handle multiple cases simultaneously, ensuring that all legal documents are processed in a timely manner.
  • Experience in managing relationships with clients, other attorneys, and real estate professionals.

 

Commercial Real Estate Counsel Experience Requirements

For entry-level positions, Commercial Real Estate Counsel candidates are required to have a Juris Doctor degree from an accredited law school and must be licensed to practice law in the given jurisdiction.

This encompasses the theoretical knowledge and practical experience gained during law school, which often includes internships or clerkships in real estate law firms or other related legal entities.

Candidates with 1 to 3 years of experience may be expected to have worked in roles involving real estate transactions or litigation.

This may include working in law firms, corporations or governmental agencies where they have gained experience in drafting, negotiating, and interpreting real estate contracts, leases, and other legal documents.

Commercial Real Estate Counsel candidates with more than 5 years of experience often have a robust understanding of real estate laws, business laws, and contract laws.

They may have handled complex commercial real estate transactions and disputes, and may have experience advising clients on legal issues related to property acquisition, financing, leasing, and sale.

Those with more than 10 years of experience often have leadership and managerial experience in their backgrounds.

They may have experience in managing a team of lawyers or paralegals, and may also have built relationships with clients, real estate brokers, lenders, and other stakeholders in the real estate industry.

In addition to the aforementioned, it is also beneficial if candidates have a strong understanding of the local real estate market and regulations, along with excellent negotiation, communication, and analytical skills.

 

Commercial Real Estate Counsel Education and Training Requirements

Commercial Real Estate Counsels typically have a bachelor’s degree in law, business, or a related field.

Following this, they must attend law school to earn a Juris Doctor (JD) degree.

Some law schools offer specialization options in real estate law which is recommended for those aspiring to become Commercial Real Estate Counsels.

Post law school, aspiring Commercial Real Estate Counsels must pass the bar exam in the state where they plan to practice.

The bar exam is a necessary step for licensure to practice law.

After becoming a licensed attorney, gaining experience in real estate transactions is crucial.

Many start their careers in law firms, working on real estate transactions, contracts, and disputes.

In addition to this, certification in commercial real estate law may be beneficial.

Associations like the American College of Real Estate Lawyers offer such certifications.

Continuing education is also crucial for staying updated with laws and regulations pertaining to commercial real estate.

Therefore, attending seminars, workshops, and courses specifically focusing on commercial real estate law is highly recommended.

Having a master’s degree in law (LLM), particularly with a focus on real estate law, and/or certification may indicate a candidate’s expertise and dedication to the profession.

 

Commercial Real Estate Counsel Salary Expectations

A Commercial Real Estate Counsel earns an average salary of $140,000 (USD) per year.

The actual earnings may fluctuate depending on factors such as years of experience, specific skills, the size of the organization, and the geographical location.

 

Commercial Real Estate Counsel Job Description FAQs

What skills does a Commercial Real Estate Counsel need?

Commercial Real Estate Counsels need to have excellent research and analytical skills to understand and interpret complex real estate laws and regulations.

They need to possess strong negotiation skills to navigate through difficult transactions, and be able to communicate effectively with other lawyers, clients, and professionals in the real estate industry.

Additionally, they should have good organizational skills to manage multiple transactions and meet strict deadlines.

 

Do Commercial Real Estate Counsels need to have a degree?

Yes, Commercial Real Estate Counsels must hold a Juris Doctor (JD) degree from an accredited law school and must pass the Bar exam in the state where they plan to practice.

Some may also choose to further their education by obtaining a Master of Laws (LLM) in Real Estate.

 

What should you look for in a Commercial Real Estate Counsel resume?

In a Commercial Real Estate Counsel’s resume, ensure that they have a valid license to practice law.

Their education section should show a JD degree from an accredited law school.

Additionally, look for extensive experience in handling commercial real estate transactions, including real estate acquisitions, dispositions, financing, leasing, and development.

Skills such as contract drafting and negotiation, knowledge of real estate law, and strong analytical skills should also be highlighted.

 

What qualities make a good Commercial Real Estate Counsel?

A good Commercial Real Estate Counsel is highly knowledgeable in real estate law and is continually updated with changes in legislation that may impact their clients.

They should have excellent negotiation and communication skills to effectively resolve disputes and facilitate transactions.

Attention to detail is crucial in reviewing legal documents and contracts.

Integrity and professionalism are also important qualities as they often handle sensitive and confidential information.

 

Is it difficult to hire a Commercial Real Estate Counsel?

Yes, hiring a qualified Commercial Real Estate Counsel can be challenging due to the specific skill set and extensive legal knowledge required for this role.

It’s crucial to find candidates who have a strong background in commercial real estate transactions and demonstrate strong interpersonal and analytical skills.

Offering competitive salaries and benefits can help attract qualified candidates.

 

Conclusion

And there you have it.

Today, we’ve explored the intricate world of a commercial real estate counsel.

And guess what?

It’s not just about managing properties.

It’s about shaping the skyline of the future, one real estate deal at a time.

With our comprehensive commercial real estate counsel job description template and real-world examples, you’re all set to take the next step.

But why stop there?

Venture further with our job description generator. It’s your definitive guide to creating precision-crafted job listings or refining your resume to perfection.

Remember:

Every real estate transaction is a part of the bigger picture.

Let’s build that future. Together.

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