Wednesday, July 26, 2017

Buyer’s Attorney Beware: Risks of Purchasing Occupied Property (Audio)

Panelists will review the risks of purchasing occupied property starting at the “Offer to Purchase” stage and continuing through the P&S negotiation and finally, following through until the closing is complete. Many new buyers of multi‐family property are finding themselves stuck with under‐market tenants, non‐paying tenants, illegal apartments, statutory violations, etc. Many of these issues can and should be handled at the offer stage. A diligent conveyancing attorney should become familiar with the rights and responsibilities of being a landlord or engage an eviction/landlord‐tenant attorney at a very early stage.

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