This sample form, an Additional Purchaser Representations and Warranties document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
It’s highly recommended! A lawyer knows the ins and outs and can help ensure that your interests are protected during the transaction.
If you’ve got proper representations and warranties in place, you might have some recourse. It's like having a backup plan if things don’t go as expected.
They can cover all sorts of things! From the roof’s condition to zoning laws, it’s about making sure no surprises pop up after you buy.
Usually, a real estate attorney can give you the lowdown. If you're buying a property with unique features or potential issues, it’s a good idea to consider them.
They’re important because they protect both the buyer and the seller. Think of it as a safety net, ensuring that everyone is on the same page about the property’s condition.
In simple terms, these are promises made by the buyer about the property they’re purchasing. It’s like saying, 'I’ll make sure everything is up to snuff' before closing the deal.