Purchasing and Selling Commercial Real Estate Resource Kit (NY)


Summary

This resource kit provides information on purchasing and selling commercial real estate in New York. The documents required vary depending on the nature of the real property, however, the work flow of most New York commercial purchase and sale transactions is as follows: (1) a brokerage agreement is executed by the real estate broker and the seller, (2) a letter of intent is negotiated and executed by the buyer and seller, (3) a purchase and sale agreement is negotiated and executed by the buyer and seller, (4) the buyer conducts its due diligence review of the real property, and (5) the closing documents are prepared and executed at the closing. This resource kits includes guidance on each of these steps, including detailed practice notes, templates, and checklists.