You have probably encountered a lease agreement, perhaps for a home or apartment that you rented. But this experience does not prepare you for the issues that commercial leases must address. There are many different clauses that you can expect to find when evaluating...
Real Estate & Development
Is the title free and clear on the property you wish to buy?
Perhaps you wish to purchase a commercial building that comes with a long history. Among your priorities is to obtain title insurance to protect your investment, especially in light of issues that a title search may uncover. Determining ownership The title to...
Business seller financing: What are the benefits for each party?
When business owners decide to sell their companies, they may face certain problems that make that sale difficult, such as a potential buyer's inability to raise the total cost all at once. Seller financing can eliminate this issue, and according to Lending Tree,...
How can you save for your home’s down payment?
Buying a home is a significant rite of passage for many people. While it can be exciting to prepare for buying your first home, you could ruin the mood if you do not have a down payment when it comes time to make a purchase. Most people have to save for the down...
What should you know about a party wall agreement before closing?
From rowhomes to condos, many properties in the Phoenix metropolitan area have party walls. A party wall is a divider that straddles the property line between two independently owned homes. Consequently, each property owner typically owns only one side of the party...
What is earnest money?
When you make an offer on a home and make your intentions known you want to purchase it, you are entering into an agreement with the seller. Once the seller accepts your offer, he or she will take the home off the market, losing any other potential offers. Because of...
What do you know about the difference between an encumbrance and a lien?
As someone involved in Arizona’s construction industry, you likely encounter obstacles and setbacks that derail your projects. Do you know what differentiates those complications? Chron defines encumbrances and liens and explores their differences and considerations....
Provisions to include in a commercial real estate sales contract
There are always risks involved in purchasing commercial real estate in Arizona. However, having a carefully drafted sales contract in place helps protect all parties involved in the transaction. The sales contract outlines everyone’s rights, obligations and...
What makes a property valuable?
Many factors go into determining the value of a property. This is one of the most important things you need to factor in when looking at new ones for business or commercial purposes. The first thing you need to know is just what those factors are. They may differ from...
What contingencies should I consider when buying a home?
In a seller’s market, you have to be very careful with any offer you make on a home. Sellers have their pick of buyers, so you need to stand out in a good way and minimize the negative. Contingencies are a normal part of real estate contracts, but in a seller’s...
