Easily Hide Comments in the Commercial Real Estate Contract

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How to Hide Comments in the Commercial Real Estate Contract

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[Music] believe it or not a lot of people who are purchasing commercial real estate in tennessee dont always retain the services of a real estate attorney an attorney can help with the document itself and there are three key points that an attorney can help with as far as advising clients on the commercial real estate purchase agreement and those three parts are these one contingencies two disputes and three venue contingencies are very important if youre the buyer you want contingencies what does the word contingency mean contingency is a condition it just means that something that has to happen before something else happens and so the word contingency is critical in commercial real estate purchases because as the buyer you want as many contingencies as you can possibly negotiate you want outs you want the opportunity to walk away if this is not the right property for you what are the contingencies the main ones are appraisal financing and inspection those are the main three items o

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the duty to disclose commercial real estate in California?

If a seller knows that material facts affecting the value of the property are unknown to the buyer, the seller has a legal duty to disclose such facts, regardless of whether or not the buyer inquired into the subject.

What is a hidden or latent defect?

Latent defects or Hidden Damage are defects to a property that are not generally discoverable by a prospective purchaser on a reasonable inspection and ordinary vigilance. This can include issues such as, faulty electrical wiring hiding behind the walls or a well-hidden termite or mold problem.

What is an example of a latent issue?

Examples include: appearance of cancers from exposure to very low concentrations of carcinogenic materials long after the period of that exposure; asbestos, for which the latency period may extend over much of a human life span; the emergence of lung cancer as the consequence of smoking many years before; the spread of

What is an example of a latent defect in testing?

Latent Defect Example February has 28 days, except in a leap year. The system might is not able to consider the leap year or an extra day in February, which results in a latent defect.

What is an example of a latent defect in construction?

Latent Defects in Construction Defective basement, movement or damage of wall due to inadequate wall ties, poor strength concrete issues, error in reinforcing the structure, or building cracks due to inadequate foundation are a few examples of latent defects.

What are considered latent defects?

Latent defects are defined as material defects in real property or an improvement to real property that: (a) a buyer would not reasonably be expected to ascertain or observe by a careful visual inspection of the property; and (b) would pose a direct threat to the health or safety of the buyer or an invitee or occupant

What is the exclusive right to sell?

In an exclusive-right-to-sell agreement, the broker earns commission from the sale of the property, even if the homeowner finds a buyer for the home themselves. In an exclusive agency listing, the homeowner is free to find a buyer for the home with no financial obligation to the broker.

What is an example of a latent defect?

Latent defects can include any issues that are not uncovered during a property inspection.What are common types of latent defects? Mold, water damage or leaks. Insect infestations, including termites. Roofing problems. Plumbing or piping problems. Electrical issues. HVAC design flaws.

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