What are some key legal documents involved in a commercial real estate transaction?

Commercial real estate transactions involve a number of key legal documents that are often used to facilitate a successful sale. In Virginia, these documents could include the deed of trust, which is used to establish ownership of the property and to grant the lender an interest in the property as security. Additionally, a promissory note is often used, which outlines the obligations of the borrower and the lender, including the repayment terms and rates of interest. Additionally, a lease agreement is commonly used in commercial real estate transactions, which outlines the rental terms, such as the amount of rent due and the length of the lease. Finally, another important legal document used in a commercial real estate transaction is a lien, which grants the lender the right to take possession of the property if the borrower fails to fulfill their obligations. By having these legal documents in place, a commercial real estate transaction can proceed smoothly and efficiently.

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What are some key legal documents involved in a commercial real estate transaction?

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