by Industrial Guide | Jun 12, 2025 | I - News
Termination or Exit Clause for the Buyer If required entitlements (such as zoning clearance, layout approval, or environmental permissions) are not approved within the agreed timeframe, most agreements provide the buyer with the right to terminate the contract. Key...
by Industrial Guide | Jun 12, 2025 | I - News
Extension Clauses and Grace Periods Most agreements include an extension clause that allows the buyer a limited grace period—typically 15 to 30 days—to complete the transaction beyond the scheduled closing date. This is subject to: Written notice from the buyer...
by Industrial Guide | Jun 12, 2025 | I - News
Zoning and Land Use Contingencies The agreement will typically include zoning-related contingencies to ensure the land is legally permitted for industrial development. These may involve: Verification that the land is pre-zoned for industrial use or subject to...
by Industrial Guide | Jun 12, 2025 | I - News
Key Milestones Leading to Closing Letter of Intent (LOI) or Expression of Interest (EOI) The buyer formally expresses interest in the property, outlining basic terms like price, payment schedule, due diligence period, and closing timeline. Confirms intent to purchase...
by Industrial Guide | Jun 12, 2025 | I - News
General Timeframe for Industrial Land The typical period required for entitlements and permitting can range from 45 to 180 days, depending on the project’s complexity, location, and government regulations. This includes all approvals necessary to begin...
by Industrial Guide | Jun 12, 2025 | I - News
Standard Due Diligence Window Most sellers are comfortable with a due diligence period of 15 to 30 days after signing a Letter of Intent (LOI) or Memorandum of Understanding (MoU). This timeframe allows buyers to verify legal, technical, and financial aspects of the...
