Buying a commercial property can be a daunting process, whether it is the purchase of an income-producing property, the acquisition of an existing building by a user/operator for purposes of expanding business operations, or the purchase of land for development. The initial document frequently prepared is the Letter of Intent (LOI), which later serves as the basis for preparing the key document — the purchase and sale agreement (PSA). Each party to the agreement has very specific objectives.
As a buyer, you seek adequate time to conduct due diligence and to obtain appropriate contingencies and representations and warranties from the seller, among other things.
As a seller, you strive to limit contingencies and representations and warranties, and seek to close as quickly as possible with minimal lingering potential liability.
Whether you are a buyer or a seller, you need an experienced commercial real estate attorney to help navigate you through the process. From the initial letter of intent through the closing of the deal, we provide all the necessary services to get the deal done. We provide comprehensive commercial real estate legal services to buyers and sellers of virtually all types of commercial real estate, including:
- Office and Industrial
- Shopping Centers, outparcels and other retail buildings
- Vacant Land