Real estate contracts or documents range from residential leases or commercial leases to mortgage financing documents, contract review, negotiation, letter of intent and asset purchase agreements. Along with specifying the terms of a transaction, these documents also indicate how disputes will be resolved, who bears financial responsibility for property defects and losses, what happens in cases of financial default, and more. For this main reason, drafting real estate documents is a critical process.Affordable transcription solutions are available to document the draft content in the required format.
When it comes to commercial real estate transaction, a letter of intent will be often recommended even before the final sales agreement or lease is signed. Non-lawyers handling these agreements should seek the advice of a licensed attorney in legal matters.
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