Replace Smart Field to the Commercial Real Estate Contract

Aug 6th, 2022
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How to Replace Smart Field to 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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A Challenging Year Ahead High interest rates and a recession will make 2023 a challenging year for commercial real estate. Though inflation eased in late 2022, it was still running at more than 7%.
Another way in which blockchain could change real estate is through the use of smart contracts. Smart contracts are self-executing contracts that are stored on a blockchain platform. They can be used to automate many different types of transactions, including real estate transactions.
Smart contracts can be used in property sales to automate the transfer of ownership, in rental agreements to automate payments and transfers, in property listings to store information on a blockchain for a transparent record, and in escrow services to hold payment until the agreed-upon terms are met.
Blockchain facilitates secure data sharing, streamlines rental collections and payments to property owners, and also provides premium due diligence across the portfolio. This increases operational efficiency and allows for time- and cost-savings.
Decentralized finance seeks to use smart contracts to create financial products like loans that do not rely on third parties. Decentralized finance or DeFi, is one of the hottest areas of blockchain technology.
Another way in which blockchain could change real estate is through the use of smart contracts. Smart contracts are self-executing contracts that are stored on a blockchain platform. They can be used to automate many different types of transactions, including real estate transactions.
Despite the fact that smart contracts are able to automate some of the processes involved in a real estate transaction, they cannot substitute for the expertise of an educated and savvy real estate professional who can offer invaluable insight and advice.
For example, as soon as the buyer transfers payment to the seller, the smart contract can automatically change ownership of the asset. Or, a notary can instantly notify a buyer that the mortgage against a specific property is paid out by its previous owner, and they can safely purchase it.

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