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CLE: Current Servicing Issues for Distressed Real Estate Loans
This panel of ACMA Fellows and a Special Agent from the Office of the Inspector General will examine recent trends and enforcement activity relating to multifamily mortgage fraud. It then will evaluate the role of lending counsel in mortgage origination due diligence as well as capital markets servicing implications, such as claims for breaches of loan seller representations and warranties and other impacts on the servicing of fraudulent loans or loans to related sponsor groups.
Leasing Workshop for Entrepreneurs. July 25, 2024 6-9PM with networking and food. Diaz will be delivering a workshop that aims to educate small business owners and entrepreneurs about common lease pitfalls. By understanding these issues, you can avoid bad deals and get the legal advice you need.
Join attorney Eric Diaz as he delivers a workshop that aims to educate small business owners and entrepreneurs about common lease pitfalls. By understanding these issues, you can avoid bad deals and get the legal advice you need.
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Vague terms in a commercial real estate contract can lead to a variety of legal issues. For example, if a lease agreement states that the tenant is responsible for "reasonable maintenance" of the property, this could lead to disagreements about what constitutes "reasonable" maintenance.
WHAT ARE CONTRACTUAL CONTINGENCIES IN A COMMERCIAL LEASE?
Contractual contingencies are essentially safety nets in a commercial lease agreement. They are specific conditions or events that must be satisfied by one party for the other party to be required to perform its obligations. If these conditions aren't met, as the tenant you may have the right to back out of the agreement without any adverse legal consequences. For instance, you might include a contingency that the lease term will only commence if you obtain a certain business license. If you fail to get the license, the contingency allows you to terminate the lease without penalty. In the context of getting your commercial lease deposit back, contractual contingencies are crucial. They can protect you from losing your deposit due to circumstances beyond your control.
It is more difficult for the seller to get out of a signed contract than the buyer because if the buyer has competent counsel, their lawyer will include provisions which allow the buyer to terminate the agreement under certain circumstances related to due diligence and financing.