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.
Read MoreBuying real estate can be a good, revenue generating, investment.
But what happens if, after you sign on the dotted line, doubts creep in and you change your mind and you want to back out of the deal?
Is it even possible? What are the legal implications?
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