Commercial property comes with no seller disclosure form, so what you do not investigate becomes your problem after closing. We guide businesses, investors, and developers through due diligence, contracts, and closing across Northern Virginia.
Sources: Virginia Residential Property Disclosure Act, § 55.1-700 et seq. (applies to residential property only); Code of Virginia § 11-2 (statute of frauds) and § 58.1-3237 (roll-back taxes on a change of use from land-use assessment); federal environmental law, including CERCLA and its All Appropriate Inquiries standard, for the bona fide prospective purchaser defense.
A commercial deal is not a bigger version of a home purchase. There is no disclosure form and no standard contract, the risks sit in title, environment, zoning, and leases, and the due diligence period is where a careful buyer finds them. What you learn before closing is what protects you after it.
In a home sale, the seller at least hands you a disclosure form. In a commercial deal, there is none. The buyer takes the property as it is and has to find the problems, whether that is a title defect, an environmental issue, a zoning limit on the planned use, or a lease that does not read the way the rent roll suggests. The contract’s due diligence period, and how it is written, is what gives the buyer room to investigate and, if needed, walk away.
We represent buyers and sellers across acquisitions and dispositions of office, retail, industrial, multifamily, and land. That means negotiating a real purchase agreement rather than a fill-in-the-blank form, running a disciplined due diligence process, and getting the deal closed and financed. When a purchase involves income property, we handle the leases, and we make sure the title work holds up.
Schedule a ConsultationFrom the letter of intent to the closing table, with the diligence a commercial deal demands.
Negotiating the contract that governs the deal, with the representations, warranties, and closing conditions that fit your side.
Structuring and running the study period so title, survey, environmental, zoning, and financials are checked before you are committed.
Coordinating Phase I assessments and advising on the buyer protections that a properly done review can support.
Reviewing the rent roll and leases, and obtaining tenant estoppels and lender agreements, when you buy income-producing property.
Advising on whether to buy the property or the company that owns it, and on holding the asset in a single-purpose entity.
Coordinating lender requirements, title, and settlement so the deal closes cleanly and the documents match the agreement.
A commercial contract must be in writing to be enforceable, and unlike a home sale, there is no seller disclosure statement, so caveat emptor governs and due diligence is the buyer’s real protection. The study period in the contract lets the buyer inspect title, survey, environmental condition, zoning, and leases, and usually to terminate and recover the deposit if something does not check out. For many properties, a Phase I environmental site assessment is worth doing, both to understand the risk and because a properly conducted review supports a legal defense to certain contamination cleanup liability. Buyers of income property should study the rent roll and every lease, and obtain tenant estoppels and, where a lender is involved, subordination and non-disturbance agreements. Deal structure matters too, since buying the assets and buying the entity carry different tax and liability consequences. Watch for roll-back taxes when property assessed for agricultural or forestal use is converted to a more intensive use, and remember that at closing the settlement agent is neutral and does not represent either side.
“With commercial property, the deal is really made during due diligence. There is no disclosure form to lean on, so if the buyer does not find the problem, the buyer owns it after closing. I spend my time making sure the study period is long enough and written to protect my client, then working through title, environment, zoning, and the leases before the money is committed. The best outcome is often the quiet one, where nothing goes wrong at closing because everything was checked first.”
The earlier we are involved, the more we can find and fix while you still have room to act. Tell us about the property and the deal. Serving Leesburg, Fairfax, and all of Northern Virginia.