Depending on property and tenant data from the broker or seller without verifying it independently is No. 1 on the list of the top 20 blunders to avoid when acquiring commercial real estate assets. So reports GlobeSt.com.
On commercial properties, not reading and abstracting all tenant leases is No. 2.
Not getting tenant estoppel letters is another common mistake to avoid. Read the full list here.
Read the full article from GlobeSt.com.
Source: themortgageleader.com