Problems With Your Commercial Real Estate Transaction?
Once a commercial real estate deal has been accepted by both parties, a document known as a purchase and sale contract is prepared. This contract spells out the details of an accepted offer, including such details as the purchase price, property description, the closing date and all contingencies that must be met for the sale to proceed.
Commercial real estate deals can be complex, and disputes can arise from many sources. To protect your interests, real estate litigation may be necessary when you cannot resolve disputes related to your agreement. The experienced attorneys at Miles Hansford & Tallant, LLC, can help when problems threaten your commercial real estate deal.
Don’t Accept Terms You Didn’t Agree To
The process of negotiating an agreement involving the purchase or sale of commercial real estate is typically very involved, with each side often having to compromise on certain aspects of the contract to get a deal done. Once an offer has been accepted, you might believe that the negotiations are over. Sometimes, it’s only the beginning.
The purchase and sale agreement may contain contingencies, stipulations or conditions that must be met or the deal can be canceled by the parties. Disputes may arise involving financing, title issues, leases, environmental questions, insurance, zoning approval and many other matters. You may need to consult a lawyer to litigate the issues if there is a disagreement over whether contingencies have been met or if any unauthorized changes have been made to the contract.