As the economy grapples with a potential banking crisis, buyers are seeking ways to reduce interest rates and qualify for loans. Some sellers are willing to take on a bit of risk to help these buyers purchase through seller financing. Although seller financing is rare, it has grown more common as the Fed continues to…
Tag Archives: real estate transactions
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The Fundamentals of a Hotel Transaction: Buyer’s Edition
Hotel investors typically have two paths to take ownership of a hotel asset: Build or Buy. In my experience as a hospitality and transactional attorney, I have learned that those that build (via ground-up new construction or re-development of an existing asset) generally prefer to build a hotel asset over buying an existing asset for…
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The Importance of a Commercial Lease Review (Part 2)
In my previous article, I discussed the importance of a lease review. The lease agreement is the binding agreement between the Lessor and Lessee and many important considerations exist. In most leases, the Lessor-Lessee relationship is known as the Landlord-Tenant relationship. There are many important considerations when reviewing a lease. A few additional items we…
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The Importance of a Commercial Lease Review -Part 1
The lease agreement is the binding agreement between the Lessor and Lessee. In most leases, the Lessor-Lessee relationship is known as the Landlord-Tenant relationship. Leases are common in almost every industry as business owners often lease space to operate his or her business. The lease agreement details the terms both parties are agreeing to and…
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The Importance of the LOI before the Purchase Contract
The Letter of Intent, also known as an “LOI” or “Term Sheet”, is generally prepared by the buyer and submitted to the seller. In order to formalize the intent here, it is appropriate for both parties to review and sign the document, so everyone is on the same page as to how the purchase contract…
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Evictions in the City of Dallas During COVID-19
As of: May 6, 2020 On April 22, 2020, the City of Dallas, acting through the Mayor and City Counsel executed Ordinance No. 31521 with the following purposes: (i) providing for a COVID notice of possible eviction by residential landlords before a notice to vacate, (ii) creating a COVID hardship notice for tenants, and (iii)…
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Evictions in Texas During The COVID-19 Pandemic
Eviction Under Normal Circumstances In Texas, eviction is controlled by a combination of Texas law, United States law, county ordinances, and the terms of the agreement (if any) between the landlord and the tenant. This means that the eviction process depends on a lot of different factors, and the procedure for evicting a tenant can…
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A Boundary Line / Encroachment Issue And Possible Resolutions
Texans are famous for their intensity in property rights, especially real estate property rights. Some Texans might even say that a person’s right to own and control a piece of land is that person’s most vital legal right as an American citizen. Now, whether that is true or not is a question I’ll leave up…