The preparation of a property for sale should be started as early as possible. The intentional planning will involve the financial statements, leasing consolidation, and physical improvements. Your lawyer can assist by reviewing leases and identifying any weaknesses that a potential buyer may object to prior to closing on a full price offer. Ronald Rohde Law is experienced in preparing Estoppel letters and collecting the accurate representations from tenants that are necessary to ensure the maximum price.
The negotiation of a Letter of Intent should involve your legal team to allow the fastest response during Purchase and Sale Agreement negotiation. Negotiating for the contractual terms that are important to a seller will require a flexible and creative legal team to avoid being locked into price, earnest money, due diligence period, and commission fees. A skilled lawyer will identify escrow solutions which rely on the confidence of the seller to justify a higher price from the buyer.
As many contracts undergo several amendments or questions regarding data supplied by the seller, it is important to have an attorney reviewing every document and being prepared to advise the seller on the best course of action.