Home Q&A Forum What is the average Indemnity CAP a seller should quote , for a Hospital Setup

Commercial Real Estate

Commercial Real Estate Purchase Agreement

Michigan

Asked on Mar 7, 2022

What is the average Indemnity CAP a seller should quote , for a Hospital Setup

What is the average Indemnity CAP a seller should quote , for a Hospital Setup. We are giving away our hospital of 200 beds to investor

Answers from 1 Lawyer

Answer

Commercial Real Estate

Michigan

Answered 1536 days ago

David H.

ContractsCounsel verified

Business Lawyer
Licensed in Michigan
Free Consultation
View David H.
5.0 (3)
Member Since:
March 10, 2022

Hello, my name is David hatch I am a Michigan license attorney. This question has several nuances to it. An investor is taking it over, it sounds like you're giving it to them but it's also being sold? That is unclear. It would be helpful to understand what type of indemnity the investor is seeking. It really depends upon the value of the property and the risk involved in the deal. Please let me know if you like additional assistance beyond this. I can help you out. Attorney Dave.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
Meet some lawyers on our platform

Adam J.

8 projects on CC
CC verified
View Profile

Dolan W.

1011 projects on CC
CC verified
View Profile

Ryenne S.

964 projects on CC
CC verified
View Profile

Scott S.

52 projects on CC
CC verified
View Profile

People Also Asked

Commercial Real Estate

Purchase Agreement

Washington

Asked on Oct 31, 2023

Are purchase agreements confidential?

I recently made an offer to purchase a commercial property and the seller has asked me to sign a purchase agreement. I am unfamiliar with the terms of the agreement and want to make sure that it is kept confidential. I am concerned about the potential for the details of the purchase agreement to be publicly disclosed and want to know if purchase agreements are confidential.

5.0 (18)

Merry K.

Answered Nov 14, 2023

I hope that you used the assistance of a WA State commercial real estate attorney to advise you in the writing and presentation of your offer to purchase a commercial property, as these can be extremely complicated. (Or, at the very least, I hope you were represented by an experienced and knowledgeable buyer's agent). To my knowledge, this type of PSA agreement is not required to be confidential unless you included that language in your offer. Please be aware that once the sale closes, the amount of the purchase price will be public information, in county records.

Read 1 attorney answer>

Commercial Real Estate

Addendum to Lease

Washington

Asked on Jun 12, 2024

Can a landlord add an addendum to a lease without the consent of the tenant?

I recently signed a lease for a commercial property, and now the landlord wants to add an addendum to the lease that includes additional fees and requirements that were not part of our original agreement. I believe that the addendum is unfair and would put an excessive burden on my business. However, the landlord claims that they have the right to make changes to the lease without my consent. I would like to know if the landlord can legally add an addendum to the lease without my agreement, and what options I have to protect my rights as a tenant in this situation.

5.0 (18)

Merry K.

Answered Jun 18, 2024

Generally speaking, one party to any sort of contract cannot amend any sort of contract unilaterally…however, review your lease very carefully to see if you granted the landlord any such rights when you signed your contract—for example, that the landlord could increase the rent if his property taxes or insurance increases.

Read 1 attorney answer>

Commercial Real Estate

Commercial Building Lease

Florida

Asked on Mar 21, 2023

What's permitted use in a commercial lease?

I am in the process of negotiating a commercial lease for my business and I am interested in understanding the concept of "permitted use." Specifically, I am curious about what activities are allowed in the leased space and what limitations there may be. I would like to consult with a lawyer to ensure that the terms of the lease align with the needs of my business and that I am not at risk of violating any provisions.

View Diane D.
4.9 (13)

Diane D.

Answered Mar 21, 2023

Permitted use means that you can only use it for the reason you rented it. For example, you cannot rent a place to use as a gym but then use it for a nightclub.

Read 1 attorney answer>

Commercial Real Estate

Construction Agreement

Texas

Asked on Dec 10, 2024

Can a construction contractor terminate a construction agreement without cause?

I recently entered into a construction agreement with a contractor to renovate my commercial property. However, the contractor has been consistently behind schedule and the quality of work has been subpar. I am concerned about the progress of the project and the contractor's ability to complete it satisfactorily. I would like to know if the contractor has the right to terminate the construction agreement without cause, or if I have any legal recourse to hold them accountable for their performance and potentially terminate the agreement myself.

Lorraine C.

Answered Dec 11, 2024

That situation sounds frustrating, to be sure. The termination rights of both parties should have been clearly defined in the construction agreement. It would be best for you to have an experienced transactional attorney review the contract terms and discuss the issues you are having so that you can receive advice specific to your situation. Regardless, I highly recommend that you document any quality of work or performance issues in writing and with pictures, if applicable. That way, if you do decide to terminate the contract later (with an attorney's guidance), you will have the proof you may need to support your claim.

Read 1 attorney answer>

Commercial Real Estate

Commercial Lease

North Carolina

Asked on Apr 26, 2023

How is the rent determined in a commercial lease agreement?

I am a small business owner looking to rent a space for my business. I am currently in negotiations with the landlord of a commercial property and we are discussing the terms of the lease agreement. We have reached a point where we need to discuss the rent and how it will be determined. I need to understand more about how rent is determined in commercial leases so that I can negotiate a fair and reasonable agreement.

N'kia N.

Answered May 19, 2023

In North Carolina, commercial rent is commonly calculated as a set dollar amount per square foot. This dollar amount is usually based on factors like location, age, condition, accessibility, and amenities. However, there is no requirement for rent to be determined this way. Unlike a residential lease agreement, the terms of a commercial lease agreement can be almost anything that the parties mutually agree to. As a word of caution, in North Carolina, commercial tenants do not have the same degree of legal protections as residential tenants. For just one example, a tenant who wishes to terminate a commercial lease early may be responsible for the entire remainder of the rent unless the lease agreement says otherwise.

Read 1 attorney answer>

Find lawyers and attorneys by city