Sellers of commercial real estate generally loathe dealing with flippers. What constitutes a flip? A flip occurs when the “original buyer” enters into a purchase contract and then assigns the purchase agreement to the “ultimate buyer” prior to the closing. First, the original buyer/flipper, if successful, makes a profit that the seller believes they should be pocketing….Read More.read more
When acquiring commercial real estate, it is important to conduct due diligence to ensure there are no surprises that will affect the value or use of the property. One aspect of the due diligence process is considering obtaining an ALTA Survey. The two main reasons for obtaining an ALTA Survey are… Read More.read more
When you buy a used car, you look under the hood and kick the tires. If you buy a jalopy at a great price, you tolerate more defects than if you buy an expensive performance vehicle at market price. The point is, you investigate and confirm the desirability and value of what you buy… Read More.read more
You own real estate and sign a letter of intent that contains the material deal points for your transaction. At the end of the letter, it clearly states: “Unless a formal agreement is entered into within 30 days of the date of this letter, this letter of intent shall be non-binding and of no further… Read More.
- Tenant Estoppel Certificates: A Preparation Checklist for Buyers
- Strategies for Negotiating Lease Guarantees
- Seller’s Defense Against the Flip: Restricting Purchase Agreement Assignment Rights
- Do you Really Need an ALTA Survey?
- Financing a Tenant’s FF&E – Economic Issues that Impact Landlords and Tenants
- Lease Battle Line: The Fight for Assignment and Sublease Profits