BEST ANSWER
Hi, Et
I cannot give you Legal Advice, not being a Lawyer.
For Legal Advice, you need a Lawyer.
And I am not from Pennsylvania, but the same general principles should apply.
Square Footage or GLA is always a challenge. How do you measure the GLA?
*** A properly Licensed / Registered Appraiser will follow the USPAP:
The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally accepted standards for professional appraisal practice in North America. USPAP contains standards for all types of appraisal services.
http://www.appraisalfoundation.org/s_appraisal/sec.asp?CID=6
A Seller or Real Estate Agent may measure some other way, or they may rely on information found in the Property Appraiser Records or somewhere else.
*** The Appraisal done by the Appraiser is what Matters ***
If the listing shows Gross Leasable Area as 1600, but then an Appraiser shows
only 1500,
------ you may have a case of Misrepresentation -------
Is there a Real Estate Broker or Agent involved that you could bring this to the attention of? I would start there. If not, show it to the Seller and ask what they can do to remedy this.
Is that 100 feet going to be a Deal Breaker for you?
If you decide to break the Contract, you might need to see a Real Estate Attorney.
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Best wishes to you,
Fred
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Wed Jul 8 2009, 18:49