How does a commercial purchase agreement differ from a residential one?

Residential transactions usually start from standard forms with defined contingency periods. Commercial agreements are typically negotiated from scratch, with longer diligence, more detailed representations, and closing conditions specific to the asset.

When is attorney review most useful in a purchase or sale?

Before the agreement is signed and before contingency deadlines start running. Once the timeline is underway, the deposit, the cure rights and the cancellation terms are already fixed by the document.

When should title review begin?

As early as the preliminary report is available. Exceptions, easements, and legal description problems take time to resolve, and they can affect price, use, and the closing date.

Legal Guidance for Real Estate Acquisitions and Sales.

A purchase agreement sets the timeline, the conditions, and the consequences of non-performance. Jake Larson Law drafts, reviews, and negotiates agreements for commercial and residential transactions, with the level of detail the deal calls for.

Commercial and Residential Agreements

Commercial agreements

Usually negotiated from a first draft. Diligence scope, access rights, representations and warranties, survival periods, closing deliverables, casualty and condemnation, and assignment to an acquisition entity all require specific attention.

Residential agreements

Often built on standard forms, with the real negotiation in addenda, contingency timelines, repair and credit terms, and disclosure obligations. Simpler on paper does not mean lower stakes.

What the Review Covers

Economics & Deposits: Purchase price mechanics, deposits, prorations and financial obligations.
Diligence & Contingencies: Inspection, financing, appraisal, investigation periods, access rights and contingency deadlines.
Title & Closing: Title review, escrow, closing conditions, deliverables and transfer mechanics.
Representations, Defaults & Continuing Obligations: Representations and warranties, default rights, assignment, seller financing and obligations that continue after closing.

Title, escrow and closing work is coordinated with the professionals handling the file. See title, easement and ownership matters and real estate contracts and transactions.

Under contract with a diligence or closing deadline approaching? Start with the agreement type and key dates, and Jake can determine the appropriate next step.

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Purchase and Sale Questions

Talk Through Your Matter with Jake.

Start with a direct conversation about the transaction, agreement or issue.

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Submitting an inquiry does not create an attorney-client relationship.