There are things you will want to know prior to or shortly
after listing your commercial property for sale. Have copies of all current leases pertaining
to the property at hand, including any modifications, supplements or amendments
to leases. Arrange a current inventory
of all personal property to be conveyed under this contract and copies of any
leases for such personal property.
Prepare notes and deeds of trust against the property that the buyer
will assume or that the seller will not pay in full on or before closing. Make copies of all current service,
maintenance and management agreements relating to ownership and operation of
the property. Make copies of current
utility capacity letters from the water and sewer service provider. Electrical capacity is also an important
piece of information for buyers.
Arrange current warranties and guaranties relating to all or
part of the property, as well as leasing or commission agreements related to
all or part of the property. Make sure
you have the fire, hazard, liability and other insurance policies related
available. The buyer will need “as built” plans, specifications
and a plat of the property. Have
available the invoices for utilities and repairs incurred by the seller for the
property the 24 months immediately preceding the effective date.
If you are selling your business, a copy of the income and
expenses in the form of a statement is required. A well represented buyer will ask for copies
of all previous environmental assessments, geotechnical reports, studies or
analyses make on or relating to the property.
Roxanne Tyroch, CNE can be reached at 915-261-4377 to list
and sell your property!
Author:Roxanne Tyroch Phone: 915-261-4377 Dated: March 22nd 2014 Views: 15,241 About Roxanne: ...
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