Comercial Agreement Form Real Estate Investment: Agreement Of Purchase - Should A COMERCIAL Form Be Used Or RESIDENTIAL In This Case..?
Real Estate Investment: Agreement of Purchase - Should a COMERCIAL form be used or RESIDENTIAL in this case..? - comercial agreement form
Hello,
I have an offer to buy the property.
This is a 4-complex with a business by Boucher, the ground floor. so that 4 units of apartments for rent in addition to the acquisition Boucher, currently operated by the vendor.
Zoning on the basis of the Department of Planning is a residential area.
After the purchase, I have no intention to save or run shop does not mean that Boucher will be 100% residential use will be.
However, today we can say, living on a trade / mix.
My question is: How should I use to make an offer - trade sales contract or purchase agreement HOUSING? I think some banks and solicitors dealing with various business and residential customers.
What will the bank decide whether residential or commercial:
- The current use? (= Residential / commercial mix) or
- The future use by the purchaser / me? (=) Residents
Zoning City -? (Housing)
THANK YOU.
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4 comments:
Before you write, and the sale, do 2 things: you either do not look completely transform the living and, if your bank lends money one way or another on this property. If you have a contract for the business or residence is not important to buy because the bank sent a surveyor, and if you try to achieve this goal through a residential property and the evaluators considers it a commercial property, not receiving your loan. Talk talk to your bank to the city and then make your decision. What type of contract is used, makes no difference.
I think you should use a form of buying a family home or multi-format, if there is such a thing. Simply put in the additional information if the lease will be honored at the current tenants of the smaller party, and when the lease expired, he is the only multi-family residential. If the desired object, then a fair and complement. Good Luck
1-4 units, res
5 + business.
if you want the best deal at no cost to you,
You can find a commercial buyer's agent Rare
[If you need help can I for you]
You might think that banks are currently with the zoning of the city if they were intelligent, but who knows what the banks are doing for us. : P
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