What can I do to protect my rights in a commercial real estate transaction?

In a commercial real estate transaction, it is important to protect your rights. In Pennsylvania, there are several steps you can take to do this. First, make sure that the agreement between you and the other party is in writing. This should include all terms related to the transaction such as the purchase price, closing date, and title search. A written agreement helps ensure that all parties know and understand the terms of the agreement. Second, if the property is being leased, you should ensure that the lease agreement contains a clause that states the tenant must make repairs if needed. This will help to protect your rights in case the tenant fails to make necessary repairs during the lease period. Third, have a lawyer review the agreement and all documents prior to signing. A lawyer can help ensure that all the terms are fair and reasonable and that all applicable laws are being followed. Finally, be sure to keep all relevant documents in a safe place. This includes the sale agreement, lease agreement, title search, and any other relevant documents. Keeping copies of these documents can help to protect your rights if any disputes arise during or after the transaction. By taking these steps, you can help protect your rights in a commercial real estate transaction in Pennsylvania.

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What can I do to protect my rights in a commercial real estate transaction?

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