For Buyers
• Review and negotiation of the real estate contract,
• Preparation of contract if no real estate agent,
• Explanation of the real estate contract and mortgage commitment to the buyer,
• Resolving any issues (including issues of repair, water damage, etc.) prior to closing,
• Correspondence with the seller’s attorney, title company and mortgage company,
• Preparation for closing, including obtaining necessary title work,
• Review of mortgage commitment and title commitment, and
• Representation at closing.
For Sellers
• Preparation, review and negotiation of the real estate contract,
• Preparation of contract if no real estate agent,
• Explanation of the real estate contract to the seller,
• Resolving any issues (including issues of repair, water damage, etc.) prior to closing,
• Correspondence with the buyer’s attorney,
• Preparation for closing, and
• Representation at closing.
Contact us today at (716) 853-1717 We’d be happy to help.
For Buyers of Commercial or Industrial Real Estate
• Review and negotiation of the contract of sale,
• Review of underlying leases (for properties with Tenants),
• Preparation of Attorney Opinion Letter for the Lender (if necessary),
• Explanation of the real estate contract and mortgage commitment to the buyer,
• Resolving any issues (including tenant issues, title problems, repairs, etc.) prior to closing,
• Correspondence with the seller’s attorney, title company and mortgage company,
• Preparation for closing, including obtaining necessary title work,
• Review of mortgage commitment and title commitment, and
• Representation at closing.
For Sellers of Commercial or Industrial Real Estate
• Preparation, review and negotiation of the real estate contract,
• Explanation of the real estate contract to the seller,
• Preparation of Attorney Opinion Letter (for Buyer’s Lender, if necessary),
• Resolving any issues (including tenant issues, title problems, repairs, etc.) prior to closing,
• Correspondence with the buyer’s attorney,
• Preparation for closing, and
• Representation at closing.
Commercial transactions are more complicated than residential ones and require extra attention to certain covenants and contingencies. Particularly important is the clause regarding existing tenants, which should specify the apportionment of rent payments and who bears the responsibility of evicting holdover or non-paying tenants.