Mar302023
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...
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...
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...
[pdf-embedder url=”https://patel-law-group.local/wp-content/uploads/2021/04/Fidelity-Texas-Option-Fee-Marketing-Flyer.pdf” title=”Fidelity Texas Option Fee Marketing Flyer”]...
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...
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...
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...