What are some key legal documents involved in a commercial real estate transaction?

In a commercial real estate transaction in California, there are several key legal documents involved. One is a purchase and sale agreement, also known as a real estate contract. This document outlines the details of the transaction, including the agreed upon purchase price, financing and closing terms, and a description of the property being purchased. It also lists any conditions that must be satisfied prior to closing. Another important document is the deed of trust, which serves as a record of the transfer of legal title from the seller to the buyer. Other documents may include an environmental survey, which confirms that the property does not have any hazardous contamination, and any documents related to the financing, such as loan documents, a promissory note, and a deed of trust. Finally, a certificate of occupancy, also known as a building permit, must be obtained. This document confirms that the building complies with local and state codes and standards, and is necessary before any tenants can occupy the premises. In summary, the key legal documents involved in a commercial real estate transaction in California include a purchase and sale agreement, deed of trust, environmental survey, loan documents, promissory note, deed of trust, and a certificate of occupancy.

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What are some key legal documents involved in a commercial real estate transaction?

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