For Sellers and Landlords
In commercial deals, verifying the ability of a prospective tenant to pay rent or a buyer to obtain financing for a purchase is not always easy. Landlords, who are taking on financial risk, either in anticipation of future rent or by making or paying for tenant improvements, should carefully vet prospective tenants. Before taking their property off the market by entering into a purchase agreement or an option, sellers should consider whether the buyer has the financial ability to complete the transaction, even when there is no financing contingency in the deal.
If you are ready to begin the due diligence process for a commercial real estate deal, contact Silvestri Law, P.A., today.