Real Estate Committee Meeting Minutes
Company: | [your company name] |
Location: | [your company address] |
Prepared by: | [your name] |
Date: | April 15, 2050 |
Time: | 10:00 AM - 12:00 PM |
Attendees:
Name | Position | Presence |
|---|
Alice Martin | Chairperson | Present |
Leo Carson | Committee Member | Present |
Samantha Young | Committee Member | Present |
Omar Hassan | Real Estate Manager | Present |
[YOUR NAME] | Secretary | Present |
Absentees:
Name | Position | Reason |
|---|
Robert Chen | Committee Member | Business trip |
1. Call to Order
2. Approval of Previous Minutes
3. Old Business
Review of ongoing negotiations for the property at 500 Sunnyside Blvd. Omar Hassan updated that the seller has agreed to our revised offer pending final legal review.
4. New Business
4.1 Discussion on New Property Acquisition
Address: 250 Mountain View Road
Presented by: Leo Carson
Details:
Purpose: Expansion of rental portfolio
Size: 10,000 sq ft
Asking Price: $1.5 million
Current Use: Commercial office space
Potential Use: Residential conversions
Inspection Report: Presented by Omar Hassan, no significant issues noted.
Decision:
The committee unanimously agreed to proceed with the purchase at the asking price, contingent upon satisfactory completion of due diligence.
4.2 Sale of Property at 742 Riverside Drive
Presented by: Samantha Young
Details:
Discussion:
Committee discussed whether to accept the current highest offer or to relist at a lower price for a quicker sale.
Decision:
The committee decided to counter the highest offer at $1.18 million and agreed to revisit if not accepted within two weeks.
5. Next Steps
Omar Hassan to finalize the purchase documents for 250 Mountain View Road and coordinate with legal for the due diligence process.
Samantha Young to handle negotiations for 742 Riverside Drive based on the committee's decision.
6. Adjournment
Minutes Prepared by: [your name]
Minutes Approved by: Alice Martin, Chairperson
Date of Approval: April 22, 2050
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