Letter of Intent in Commercial Real Estate Deals
A commercial real estate LOI is often the first formal step in negotiating a commercial property transaction. Before attorneys draft a full purchase agreement, buyers and sellers frequently use a Letter of Intent to outline the key terms of the proposed deal. An LOI serves as a roadmap for the transaction. It summarizes the major…
Commercial Purchase Agreement Clauses Buyers Must Understand
A commercial purchase agreement is the legal foundation of any commercial real estate transaction. Once signed, the agreement governs the rights, obligations, and risk allocation between the buyer and seller. While pricing and closing dates often receive the most attention, the clauses buried inside the agreement frequently determine how problems are handled if the deal…
Representations and Warranties in Commercial Real Estate Contracts
In every commercial purchase agreement, the section on representations and warranties carries substantial legal and financial weight. These provisions define the factual foundation of the transaction. They establish what each party is stating to be true at signing and at closing. Understanding commercial real estate representations is critical because these clauses determine who bears the…
Commercial Lease Guaranties: What Landlords Should Secure
In Florida commercial real estate, a lease agreement is only as strong as the tenant’s ability to meet its obligations. While corporate tenants may look stable on paper, landlords often need an additional layer of protection to reduce the risk of nonpayment or default. That protection comes in the form of a lease guaranty. Understanding…
