Why You Need This Legal Safety Net in Commercial Real Estate
In this brief segment, the speaker recounts a due‑diligence incident where a property‑line encroachment was discovered on a neighboring lot. Although the seller claimed the issue could be easily fixed, the attorney advised that the encroachment be made a condition of closing. The seller subsequently died before the transaction closed, meaning the buyer would have inherited the unresolved encroachment had it not been contractually protected. The anecdote underscores the importance of incorporating legal safeguards—such as conditional clauses—into commercial‑real‑estate deals to protect buyers from unforeseen liabilities when a seller can no longer remedy problems.
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