It is seldom possible to have all possible information available before entering into a commercial real estate transaction. This is why it is crucial to analyze as many risks as possible before entering into an agreement and to fully utilize one’s “due diligence” period to uncover any other issues. An experienced attorney can help to ensure that your transaction starts off on the right foot and does not get derailed once an agreement is signed. Vivid Niroula is an Oklahoma real estate lawyer who assists with due diligence and risk review. He prides himself on providing a high level of service and paying attention to detail. Contact us online or by telephone today to schedule an initial consultation.
OKC lawyer analyzing issues both before and after a commercial real estate transaction is agreed upon
There are a number of issues which can create risk for the acquirer of commercial real estate. These can include commitments and exceptions related to the property’s title, surveys of the property, environmental requirements (both unknown and those already listed in reports), as well as future risks to the right to own or access the property. There are also issues which may not be discoverable until after the purchase and sale agreement is entered into. These can include certain restrictions on the property, privately agreed upon easements, and more. Identifying and dealing with potential problems, both before a contract is signed and during one’s due diligence period, can help ensure a deal goes through, avoid wasting time and money, and be an important step towards avoiding litigation.
Our OKC lawyer helps parties with risk analysis while negotiating a commercial real estate transaction and ensures that they are gaining the full benefit of their due diligence period. Vivid will consider issues such as easements, restrictions on the property, and will analyze any relevant covenants, conditions, and restrictions which may impact the reason for which the property is being acquired. He is well aware that all purchase agreements only allow a limited amount of time for a due diligence review – he will use this time to ensure that all issues are identified and dealt with. We understand that zoning and the right to use land can be impacted by a number of factors. Our office is dedicated to making sure that all such issues are resolved and dealt with in the best possible manner. Contact us online or by telephone today to schedule an initial consultation.
In addition to Oklahoma City, we also assist individuals in Edmond, Norman, Mustang, Nichols Hills, Yukon, El Reno, Shawnee, Chandler, Stillwater, and throughout the rest of the state.
Lawyer guiding Oklahoma real estate purchasers through the process
The process of analyzing risk and performing a due diligence review can seem like a minefield. This is, in part, due to the fact that no two situations are the same. Having an attorney for guidance in such situations can be crucial. Our lawyer guides his clients through these processes and, when necessary, will advise them as to whether a deal should be renegotiated, extended, or cancelled altogether. He also assists with negotiating such modifications. Vivid will work with necessary professionals to meet your needs. This includes working with title companies, surveyors, and necessary experts. Vivid can also assist with negotiating financing agreements to help complete the transaction. Our firm considers the “full service” approach necessary to assisting clients and we offer a high level of service in every matter we handle.
