Generally, a buyer will purchase commercial property in its “as-is”, “where-is” and “with all faults” condition.  The two biggest protections the buyer has when purchasing a property is the representations and warranties of the seller set forth within the agreement of sale, and the ability of the buyer to perform an inspection of the property, known as due diligence.  Consequently, it is important that a buyer understand the negotiation process so they are able to obtain the strongest possible representations from the seller and obtain the broadest ranging property inspection. (more…)