Contracts
A Nebraska commercial real estate purchase agreement typically has a longer contingency period than residential agreements because:
ACommercial buyers have more money and take longer to decide
BCommercial transactions require more complex due diligence including financial analysis, environmental review, and lease review✓ Correct
CNebraska law requires 90-day contingency periods for commercial transactions
DCommercial properties always have more liens to clear
Explanation
Commercial due diligence is more complex than residential — involving review of leases, rent rolls, environmental reports, surveys, title, financial statements, and physical inspections — justifying longer contingency periods.
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