Aidenbaum Schloff and Bloom PLLC

On the surface leasing commercial real estate would appear to be a fairly straightforward and uncomplicated business transaction.  The owner of a building simply agrees to let a tenant occupy the property in exchange for a certain amount of rent.

Unfortunately, as our society has become ever more complicated, landlords and tenants have found that many situations can arise, during the course of a lease, where a simple agreement to pay rent does not satisfactorily protect the interests of the parties.  The Attorneys at Aidenbaum Schloff and Bloom PLLC are experts in managing commercial leasing agreements.

Export control can be a complicated compliance area. Aidenbaum Schloff and Bloom  is available to meet with individuals or groups to explain the regulations as they may be applicable to the work being done, and to provide high quality cost effective assistance.

Since every real estate deal is different, you will need to get advice from Aidenbaum Schloff and Bloom PPLC on how best to protect your interests in the contract. Typically, however, your contract should address at least the following issues:

(1) An exact description of the property you are buying, including the land surrounding the building.

(2) The purchase price and whether it is all due at closing or in installments.

(3) A list of any equipment or personal property that is included in your purchase.

(4) Any contingencies that must be met before you are obligated to complete the purchase, for example, you can make the deal contingent on your ability to get a mortgage loan.

(5) How property taxes and utility bill will be pro-rated (allocated) between you and the seller.

(6) The type of title evidence or title insurance the seller must provide.

(7) The date for closing and delivery of possession.

(8) What legal recourse a party has if the other party defaults. 

Contact Aidenbaum Schloff and Bloom PLLC for advice on specific provisions to meet your needs today.