Knowledebase Tag: Commercial Contracts
- Commercial: The seller of a commercial property has rejected my client’s offer to purchase that property. We used TAR form 1801, Commercial Contract—Improved Property. The seller’s agent said the seller rejected the offer because he was selling the property “as is” and was not going to do any repairs. Therefore, the buyer’s request for a feasibility period and his right to inspect the property were not necessary for the contract. The listing agent suggests that we submit another offer without the feasibility paragraph checked on the form. Do we have to choose between the property condition “as is” paragraph and the feasibility paragraph in the contract?
- I am using a TAR contract. The TREC contracts provide a place to insert the executed date of those contracts. There is no similar place for the brokers or the parties to insert such a date in the commercial contract so how do I mark the effective date?
