A client has asked you to represent them in the purchase of an industrial property for their start-up cosmetics company. They plan to expand their product line to include moisturizers, creams, and exfoliants. They explain that they have a limited budget and tell you their price range. You recommend they consider buying a small industrial condominium unit. You show them a few different units before they decide to place an offer on a unit that suits their design requirements for size, location, ratio of office-to-warehouse space, and ample parking for customers.

Question:

Which two conditions should you advise the buyer to include in their offer, and why?

Answer Options:

A. I should advise them to include a condition for a feasibility review to ensure they are satisfied that the unit is structurally sound, and a condition to obtain a severance if they need to generate extra income by selling part of the property.

B. I should advise them to include a zoning condition to ensure that the intended use is permitted, and a financing condition to ensure that their investors are confident with their business plan.

C. I should advise them to include a condition for a review of service contracts so they will be aware of additional expenditures, and a condition for a phase 1 environmental site assessment to verify that the unit is contaminant-free and appropriate for the manufacture of cosmetics.

D. I should advise them to include a condition on the buyer and the buyer's lawyer reviewing and being satisfied with the status certificate, and a condition for their lawyer's review of the agreement of purchase and sale to ensure the buyer has expert legal advice on the transaction.