Executory contracts and leases are essential aspects of any real property transaction, and the due diligence and business planning that supports such transactions.
As due diligence consultants, Stonecreek LLC views the review of such documents is more than accepting or rejection of such contracts - it is an opportunity to "step into the owner shoes" prior to closing, to determine from experienced vendors the additional items, issues, and operating problems that should be reconciled prior to closing.
Listed below are a number of examples of executory contracts and leases typical to many real estate transactions:
Parking lot
Road sweeping
Parking management agreement
Pool maintenance
Exterior grounds maintenance
Television maintenance
Pest control
Window cleaning
Security services agreement
Computer maintenance
Reservations system
Music maintenance
Security services
Telephone hardware maintenance
Accounting system maintenance
Copying machine maintenance
Copying machine lease
Postage machine
Fire extinguisher service
Elevator maintenance
Long distance services
Pay phone vendors
ATM vendors
Emergency generator maintenance
Phone switch
Leasing agreements
Hotel trade-out agreements
Advance booking agreements
Equipment leases
Commission or agency agreements
Business licenses
Municipal permits, various
