At Singleton Reynolds, our people are what makes us great. We come together every day with the common goal of providing exceptional legal services and ensuring we go above and beyond for each and every client.
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Singleton Urquhart Reynolds Vogel LLP is recognized as a leader in construction and infrastructure, insurance, commercial litigation, real estate and business law.
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Our goal is to develop strong lawyers from student right through to partner. Mentoring and training start when you are a student and continue throughout your practice.
We are always on the lookout for talented professionals to contribute to our team. Singleton Reynolds offers a professional and challenging work environment, with a competitive compensation and benefits package.
We’ve now passed the first month end since the world was turned upside down by the novel coronavirus (COVID-19) and for many involved in the real estate market it was a bad April Fool’s joke.
April 1st came too quickly for many people who are still trying to determine what the impact of the market upset, brought on by the global pandemic, will mean to their businesses, livelihood and future plans. However, those looking at ongoing real estate closings are well advised to be pro-active in considering what implications the current situation may have, as some parties may be struggling (or unwilling) to complete for a variety of reasons.
Below, we consider some of the novel issues confronting vendors and purchasers in this brave new world.
Vacant Possession Conditions:
Contract Frustration and “Force Majeure;”
Statements of Adjustments:
Going forward:
The above are just a few of the new issues confronting practitioners and participants in the real estate industry. They are far from the only ones. Even on the most basic level, new rules around social distancing and mandatory quarantines will need to be navigated to comply with verification requirements for execution of contracts. Guidelines and temporary solutions have been approved by regulatory bodies to ensure that transactions can continue to be completed and registered. Forethought, a steady hand and a willingness to seek out and apply novel solutions, bringing purchasers and vendors together will be necessary to navigate these new circumstances.
For assistance with property and lending transactions, contact Mark S. Thompson and Dalene Visser. For assistance with a dispute over a closing, contact Claire Immega and Matthew Milne.
For more information, please contact:
Our Commercial Real Estate Group has experience in all aspects of the law and practice related to commercial property acquisitions, management, structuring, development and sales.
Articles | Dec 23, 2021
Case Studies | Jan 8, 2021
Articles | Apr 16, 2020
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