Closing and Other Ancillary Documents Required for Commercial Real Estate Purchase and Sale Transactions

Summary

This practice note discusses the various documents that are required at the closing of a commercial real estate purchase and sale transaction. Included among these documents are the FIRPTA certificate, Form 1099-S, a schedule of closing adjustments and payments, a notice to tenants about the sale of the property, an assignment of letter of credit, and a post-closing guaranty.