Before buying commercial real estate, it's essential to review several key documents to ensure a smooth transaction and protect your investment. Start by examining the title deed to verify ownership and check for any encumbrances, such as liens or disputes. Review the lease agreements, especially if the property is tenant-occupied, to understand the terms, rent payments, and lease duration. The zoning certificate is crucial to confirm that the property can be used for your intended purpose. Also, inspect building inspection reports and maintenance records to assess the property's condition. Financial documents, including tax assessments and utility bills, will give you insight into the property's ongoing expenses. Finally, verify compliance with local regulations, such as environmental laws, and ensure all permits are in place. Thoroughly checking these documents will help avoid costly surprises down the road.
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