What is the Role of Escrow in a Commercial Real Estate Transaction?
Commercial real estate transactions are often complex, involving significant sums of money, extensive documentation, and multiple parties with varying interests. One crucial component that helps streamline and safeguard these transactions is the escrow process. Escrow...
ROFOs and ROFRs – Traps for the Unwary
Purchase Options: Traps for the Unwary In the realm of commercial real estate, the terms Right of First Offer (ROFO) and Right of First Refusal (ROFR) are commonplace, often finding their way into leases and other agreements. At first glance, these rights might seem...