Buying a property, be it your new home or a commercial building, as an investment can be exciting. Either way, there could be numerous steps to take when moving the process forward, including doing due diligence. This stage could be crucial since it could help you...
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Year: 2024
Questions to ask before buying a new business
Buying a business is a big decision that requires careful thought and planning. Before buying a new Utah business, you should ask the right questions to make sure you understand what you are getting into. Why is the owner selling? One of the first questions you...
How does the rise of remote work impact demand for office space?
The rise of remote work has transformed the way businesses use office space. Many companies are rethinking their real estate needs as more employees choose to work from home or split time between home and the office. Understanding how this trend affects demand for...
What role do easements play in commercial property transactions?
Easements play an important role in commercial property transactions. Understanding easements is necessary for both buyers and sellers. Easements grant certain rights to use a part of a property for specific purposes, which can impact the property's value and use....
Prevent hidden liabilities with due diligence in Utah real estate
Thorough due diligence is necessary when buying business real estate to find any hidden problems. Buyers can take on financial risks they don't know about if they don't do enough research. A clear due diligence method can help buyers protect their investments and...
How tenant bankruptcy affects lease agreements and property value
Tenant bankruptcy can create significant challenges for property owners and landlords. When a commercial tenant files for bankruptcy, it impacts the lease agreement and value of the property. The impact on lease agreements When a tenant declares bankruptcy, the lease...
Legal challenges in mixed-use development lease agreements
Mixed-use developments combine homes, businesses, and sometimes other spaces in one property. These developments are popular. However, they often bring specific challenges with lease agreements. It’s important to understand common issues that come with mixed-use...
How to structure a business sale for maximum financial benefit
Selling a business involves several important decisions, not the least of which is how to structure the sale. The structure of a business sale can significantly impact the financial outcome. By choosing the right approach, you can maximize your financial benefits and...
Why you need a confidentiality agreement when selling a business
When selling a business, protecting sensitive information is a top concern. A confidentiality agreement, sometimes synonymous with a non-disclosure agreement, fulfills that exact purpose. Drafting a confidentiality agreement with all the necessary terms and conditions...
Red flags to watch for in a commercial property title report
When you buy commercial property in Utah, you must thoroughly review the title report. Understanding each component of the report can help you avoid potential pitfalls. If you can identify some key red flags, you can better ensure you reduce the number of issues you...