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PLAYBOOK TEMPLATES

Real Estate Purchase Agreement

A Real Estate Purchase Agreement governs the sale and transfer of property ownership between buyer and seller. This playbook covers due diligence, contingencies, and closing mechanics.

Compliance Requirements

Why This Matters: Noncompliance can result in fines, injunctions, or shutdowns. Contractual clarity reduces the likelihood of legal penalties and operational interruptions.

Negotiation strategy

If you're the Buyer:

Ensure all necessary permits and approvals are obtained and maintained. Regularly review compliance with applicable laws to avoid penalties.

If you're the Seller:

Include audit rights in the contract to verify compliance. Require indemnification clauses to protect against tenant violations.

Essential elements

1

Compliance with Laws

Adherence to all applicable regulations.
2

Responsibility for Permits

Obtain and maintain necessary permits.
3

Audit Rights

Landlord's right to audit compliance.

Action framework

ACCEPT

Propose edits if compliance responsibilities are unclear or incomplete.

EDIT

Reject if the clause lacks indemnification for violations.

ADD

Add language for jurisdiction-specific compliance if not included.

PRO TIP

Regularly update compliance clauses to reflect changes in laws and regulations.

Example clauses

FAVORABLE

Comprehensive Compliance Clause

"The Tenant shall comply with all applicable zoning laws, building codes, the Americans with Disabilities Act (ADA), and health and safety regulations."
NEUTRAL

Basic Compliance Statement

"The Tenant agrees to follow applicable laws."
UNFAVORABLE

Vague Compliance Obligations

"The Tenant should try to comply with relevant laws."

Fallbacks

High-Risk Projects

For projects with significant regulatory oversight, ensure detailed compliance and audit clauses are included.

Multi-Jurisdictional Operations

Include clauses that address compliance with laws in each jurisdiction where operations occur.

Environmental Regulations

Add specific language for compliance with environmental laws if the project impacts natural resources.
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