Here is a word that comes up from time to time, and buyers and sellers -- particularly investors involved in a 1031 tax-deferred exchange -- have wanted to better understand what it means.
The phrase is: "Subject To"
Here are two definitions:
a. The act of acquiring property with the existing financing and without formal assumption.
b. A term in a contract creating a condition which must be satisfied prior to the close of the transaction.
As an investor, be sure you are working with an experience agent who understands the intricacies of commercial/investment real estate.
No comments:
Post a Comment