Real Estate Invoice Sample for Legal Transactions Made Easy

Real estate invoice sample for Legal

[Music] okay so one of the questions we get when is a commercial real estate attorney do and that's a very broad question of course commercial real estate attorneys are part involved with and representing fires are involved represent sells and they're also involve representing the bank who's lending the money to a to a transaction and so really it's three questions so let's start off with what a a bank lawyer is going to do when they're lending money on the acquisition of commercial real estate and the answer is really simple they're going to make sure that the bank is getting good collateral that the documents are executed properly that they're getting a title opinion excuse me a legal opinion from usually the buyers counsel confirming that the representations that the buyer are made are true and correct and more importantly they're going to make sure that the zoning is okay there's no environmental problem that the leases are all in place and that there are no other outstanding potential issues that you could have such as like lend paint or or asbestos which are all part of the environmental type area but also that the place is zoned properly that the people can get occupy the property and can run their businesses appropriately so that there'll be enough cash flow to pay for the mortgage so that's typically what a bank lawyer definitely of course they negotiate the mortgage documents and of course they review the title insurance and they review the closing statement and there they're basically protecting the bank's interest and now let's talk about what the buyers lawyers do because they do something similar they want to make sure that all the issues that the bank's concerned about personal health of course they want to resolve it not just for the bank but also for themselves so they want to make sure that there's no zoning problems that there's no land use issues that there's no environmental issues and of course they're going to negotiate the loan for the buyer with the mortgage company you know where the bank and so it's gonna be some some negotiations there over lots of terms and conditions and no recombinant sand in various representations and so the buyers attorneys gonna do that and of course the buyers journey is also going to make sure that the title is clear I'm going to review the title insurance policy and make sure with the type of commitment and then they're also going to make sure that there are title issues that there issues get cleared before closing and of course the buyers attorney is also going to negotiate the contract with the seller to make sure that they're getting a fair deal and then everyone knows who's on first and who's paying for what and and that that deal is going to fly and they're of course going to make sure that their any tenants that the tendons set have confirmed that their rent is not default and that the lease is not in the form of landlords on the follicle to stop a letters that typically get issued to tenants and so that's what the buyers attorney is going to do so now finally what does the seller to turn to the sellers attorney is going to do everything that the buyer and the bank is asking the seller to do in order to get the deal there's a title issue that sounds going to have them clear the title problem they're gonna have to help get all the tenants to sign the estoppel letters and make sure that the tenants are happy because if they're not happy then then the buyers not gonna be happy in the banks not gonna be happy and of course the cell is gonna sell you to negotiate the contract between the buyer and the seller as it relates to the actual purchase of the real estate and I think that's it for now thank you