Under contract, but survey has some strange carve outs?
Has anyone seen a property survey where an adjacent property cuts into your prospective property? We are looking at a 24 unit class C apartment community, but the main entrance driveway, the main front grassy area with the signage and half of a back driveway are owned by another entity. This adjacent property is also for sale (about 1 acre of undeveloped land). Has anyone seen this before?
1. Should we try to negotiate with both sellers of both properties to see if we can reconfigure the property lines?
2. Should we look into buying the undeveloped land? There's not much we could do with 1 acre in the narrow configuration it is in currently.
Is this a deal killer? Any suggestions?