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Remove Field Settings from the Commercial Real Estate Contract

Remove Field Settings from the Commercial Real Estate Contract

Aug 6th, 2022

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How to Remove Field Settings from the Commercial Real Estate Contract

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hey guys so today i want to show you how to write a commercial contract okay so if youve been asking yourself am i allowed to do commercial deals the answer is yes you can do a commercial deal with the license you have the same one you use to do residential um so if you get a commercial deal uh you know feel free to work that deal or get some help on working that deal i want to show you how to do this simple contract there is a simple contract in transaction desk that you can use for a commercial deal one thing i will tell you is if it happens to be that you land some major deals such as a shopping center or shopping mall or something that is kind of a little bit bigger and outside traditional um you know single office building or whatever the case may be or a single industrial property uh you might actually want to have a lawyer involved for that buyer that will write a specific contract because there are just certain things about um you know bigger properties more complex properties

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Got questions?

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.

What is the difference between a trade fixture and a fixture?

Simply put, a fixture is a thing which becomes part of the property when it permanently attaches to the land. Think doors and lights. Fixtures usually belong to the owner of the property. On the other hand, a trade fixture is an item installed on leased property by the tenant to carry out the tenants business.

What is true about trade fixtures in commercial leases?

Unlike a fixture that stays behind in a residential property when its sold or leased to a new property owner or tenant, trade fixtures must be removed by the tenant upon lease termination. This is because trade fixtures are considered the tangible personal property of the tenant, not the real property of the landlord.

What does it mean to remove subjects?

What is subject removal? Subject removal is a real estate process in which buyers perform due diligence on the subjects (or conditions) that were offered in the original contract.

What happens to trade fixtures that are not removed by a time the lease expires?

When a trade fixture is not removed, it becomes the property of the landlord. This sometimes occurs when the lessee goes bankrupt or has to terminate their lease early.

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