SUMMARY
Volume 1 of this 2015 award-winning series includes chapters covering preliminary considerations through acquisitions and dispositions. PDF Download with 1 MS Word form - After purchase go to My Content to retrieve your digital file(s).
DESCRIPTION
Chapter 17
COMMERCIAL PURCHASE AND SALE AGREEMENTS
Andrew I. Davis
Benjamin Leedy
§ 17.1 INTRODUCTION
§ 17.2 PARTIES
§ 17.3 PROPERTY
§ 17.3-1 Generally
§ 17.3-2 Descriptions of Real Property
§ 17.3-3 Lawfully Established Unit of Land
§ 17.3-4 Descriptions of Personal Property
§ 17.3-5 Assuming and Rejecting Property-Related Contracts
§ 17.4 PURCHASE PRICE
§ 17.5 EARNEST-MONEY DEPOSIT
§ 17.5-1 Generally
§ 17.5-2 Buyer’s Failure to Timely Deposit Earnest Money
§ 17.5-3 Earnest Money as the Measure of Seller’s Liquidated Damages
§ 17.5-4 Refundability and Release of Earnest Money
§ 17.6 DUE DILIGENCE
§ 17.6-1 Generally
§ 17.6-2 Duration of Due Diligence Period
§ 17.6-3 Delivery of Property Documents
§ 17.6-4 Physical Inspection
§ 17.6-5 Tenant Interviews
§ 17.6-6 Buyer’s Termination Right
§ 17.7 ESTOPPEL CERTIFICATES
§ 17.7-1 Generally
§ 17.7-2 Tenant Estoppels
§ 17.7-3 Other Estoppel Certificates
§ 17.8 TITLE AND SURVEY REVIEW
§ 17.8-1 Generally
§ 17.8-2 Timing of Title and Survey Review
§ 17.8-3 Monetary Liens
§ 17.8-4 Seller’s Obligation to Execute Owner’s Affidavit
§ 17.9 REPRESENTATIONS AND WARRANTIES
§ 17.9-1 Generally
§ 17.9-2 Necessity of Express Representations and Warranties
§ 17.9-3 Distinctions between Representations and Warranties
§ 17.9-4 Purposes of Representations and Warranties
§ 17.9-5 Common Limitations on Representations and Warranties
§ 17.10 OPERATING COVENANTS
§ 17.11 CLOSING CONDITIONS
§ 17.12 CLOSING
§ 17.13 AS-IS SALE
§ 17.14 REMEDIES FOR DEFAULT
§ 17.15 MISCELLANEOUS
Form 17-1 Sample Commercial Purchase and Sale Agreement