An early, vital step of the acquisition of commercial real estate is drafting and negotiating the purchase agreement. It is an absolutely essential process that is laden with potential pitfalls.
Even though Texas has some promulgated forms that many people like to use, we strongly discourage this. There is too much left unsaid in those forms to feel completely comfortable using them for a commercial acquisition.
Instead, we strongly encourage our clients to let us draft a purchase agreement that will fully protect their needs and the asset they are acquiring or selling. As real estate owners ourselves, we know what is important in a purchase agreement and can protect your.