Settlements & Closings
Whether you are working on the sale or purchase of a commercial office, residential house, investment property, or any other type of real estate, proper drafting of your contract will play an essential role.
A contract must clearly detail how future disputes will be resolved, which party or entity is responsible for problems with the property and how other obligations will be addressed.
At Briel PC Attorneys, our knowledgeable legal team is experienced in all areas of real estate. We can help with the preparation and review of commercial and residential property:
- Closing documents
- Loan documents
- Restrictive covenants
Elements of a real estate contract
Every contract contains conditions and terms that outline the specific agreement at hand. Although these conditions and terms will vary from contract to contract, there are certain elements that should generally be included in the drafting process. These elements include the following:
- Duties and obligations of each party
- Rights to which each party is entitled
- Payments and payment schedules, including interest and late fees
- Limitations on liability
- Indemnity clauses
- Dispute resolution guidelines
- Confidentiality agreements
We know that a successful real estate contract lawyer must possess a thorough understanding of the intricacies involved with both real estate and commercial law. Our legal team is committed to solving real estate issues for homeowners, helping businesses grow, and protecting each of our clients from future legal pitfalls and liabilities.