All Forum Posts by: Anthony Vaudo

How does one go about making an offer on a commercial space that is becoming vacant shortly, such that if I cannot find a qualified tenant to fill the vacancy that I can walk away from the deal?  And how does one even market the space if you do not even own it yet?  Trying to avoid at all costs having a space that is empty on day one.

Thank you Mohammed! Very helpful..

Hello,

I am looking at a mixed use property on Long Island (first floor retail plus 4 residential above) and would like to know when the most appropriate time is to ask for things like audited financial statements, tenant ledgers and/or anything I else I should be asking for?  Is it (a) pre-offer (b) after an accepted offer but before contract signing (c) after contract signing during a due diligence period?  I just want to make sure that I am able to fully validate all of the financials and not on the hook/forfeit my deposit if the numbers do not match what's being advertised.  Also do not want to scare away the seller.  Thank you!