When 2 parties sign a real estate contract, they generally do so with the expectation that the seller wants to sell and the buyer wants to buy. Basically, at the time that the contract is signed, both parties want to close. However, sometimes, things happen...
Letters of Intent are often a good place to start negotiations for all types of transactions. I've written about this before (see post HERE). They can be very helpful in setting the parties' expectations and helping to draft the contract. They work well as checklists...
The holiday season is supposed to be a joyful time. Beginning at the start of November, as thoughts turn towards Thanksgiving turkey, cooler temperatures, family gatherings, Christmas, Chanukah, New Years and shopping, a certain contentment begins to settle in all around. Or does it? Certainly not...
A personal guaranty is often the last requirement to finalizing a lease deal. Most landlords will require guaranties from all of the principals of the tenant and their spouses for closely held businesses that are leasing space in a property. Though the tenant is the...
Many real estate and lease transactions begin with a letter of intent (LOI). An LOI is supposed to be a non-binding expression of interest between a buyer and seller of real estate or a landlord and tenant. In a perfect world, the LOI should outline,...
When entering into a contract to purchase commercial real estate, experienced investors and developers generally understand that dozens of things could go wrong before the closing date that would prevent the closing from happening or could make the acquisition less than attractive, giving the buyer...
Every buyer of real property wants representations and warranties from its seller in the purchase contract. Every seller knows that the buyer is going to request that the seller make representations and warranties as to everything under the sun and the seller will do its...