The Vendor is required to provide commercial real estate attorney or law firm with experience handling real estate transactions in or near state to provide external legal counsel related to the potential acquisition of commercial property.
- Provide legal services related to, but not limited to, the following:
• Serve as outside counsel with respect to a commercial real estate transaction, including identifying and advising on legal and financial risks associated with an anticipated real estate acquisition
• Review and advise on title commitment and associated documents, including any easements, liens, and other encumbrances or defects and recommend endorsements as needed
• Review and advise on matters relating to zoning, land use, and permitting requirements and upon request, assist in obtaining zoning variance(s)
• Review environmental assessments (phase i and, if required, phase ii), surveys, and inspection reports and advise regarding same
• In the event a prospective property has tenants, review underlying lease agreements and negotiate amendments as needed
• Draft, negotiate, and review documents as may be necessary to facilitate the transaction including, but not limited to, a purchase agreement, lease amendments, escrow agreements, deed(s), financing documents, and closing documents
• Provide legal support during closing and post-closing
• At the request of agency, attend closing
• At the request of agency, attend board meetings as might be necessary throughout the course of the transaction.
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