Commercial development has been ramping up for the last few years and so has the number of frustrated and broken deals. Unfortunately, many of the deal killing issues could have been recognized with some research and planning on the front end. Once the issues are identified, contingencies can be drafted into a contract to properly allocate the potential risks and the costs associated with addressing them. Listed below are just a few recent issues that have come up in my practice, which have saved the buyer and seller time, money (including attorney’s fees), and a lot of frustration.
This is just a very small sampling of issues that can come up in the purchase and sale of property. It is in no way meant to be an exhaustive list and is intended for informational purposes only. If you are looking at purchasing or selling a piece of property an attorney should be consulted prior to entering into a contract.
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