Your organization has grown and you now need your own building, or a bigger building, and you have the funds to buy rather than rent. You’ve bought a house before, or have at least seen people do it on TV, and it seems so simple! Surely buying a commercial building isn’t much different? Unfortunately (unless you’re a real estate lawyer!), the process of buying a commercial building can be complicated. Certain pitfalls, if not avoided, could leave you with no building (and/or no money) to show for all your hard work. So, don’t miss this informative workshop for a broad overview of:
• Reasons to buy vs. rent.
• Key issues to negotiate in your purchase contract.
• Due diligence for buying a building.
• Common pitfalls to avoid in the diligence process.
• The closing process.
• Common ownership risks and ways to avoid them.
David Burch, Morris, Manning & Martin, LLP