Personal Law Business Law Packages & Subscriptions
Français About us Sign up Log in
Interactive legal guides Legal frequently asked questions Legal blog Videos
ONLINE LEGAL DOCUMENTS
Frequently asked questions > Company > Acquisition and sale of a business > What should be provided in addition in a sale contract if the business includes an immovable property?

What should be provided in addition in a sale contract if the business includes an immovable property?

The operation of a business is often related to the occupation of an immovable property in particular.

If the immovable property belongs to the owner of the business, it will be necessary to determine if the immovable property is sold with the business by means of the same sale contract or by means of a separate sale contract. A thorough title examination of the immovable property will be made at this time within the framework of the sale contract and the latter will contain all the representations and warranties required on behalf of the seller. We can also decide that ownership of the immovable property will remain with the seller and that such immovable property will be rented to the new operator of the business, in which case it will be necessary to provide a commercial lease.

If the immovable property sheltering the business does not belong to the seller, it will be necessary to verify with the owner that the commercial lease can be transferred to the purchaser under the same conditions, otherwise renegotiated in favorable terms.

This browser does not support this kind of file. Please download the file to view it: Download the file