HELP! Seller not moving out commercial property

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Posted by Danita on May 30, 2009 at 06:55:55:

Any advice ASAP is sooo greatly appreciated...

We are closing this coming Monday June 1st, 2009 on some commercial property to move our management offices into.

However, I just found out yesterday, Friday May 29th, 2009 that the seller is not ready to move his business out of the commercial property for at least another 60 days. I don't believe this is acceptable. Should I postpone closing with the lender, title, and closing company or is there an option to have some sort of short term commercial lease agreement?

I am very disappointed, as we are ready to move in immediately. We can stay where we are until he is ready to move out, but is not what we were planning on.



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