6
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.

Insurance Requirements

Why This Matters: Insufficient or lapsed insurance leaves parties exposed to uncovered losses. Clear requirements ensure financial protection against property damage and liability claims.

Negotiation strategy

If you're the Buyer:

Ensure that the Tenant provides proof of adequate insurance coverage before the lease commences. Require that the Landlord is named as an additional insured to protect against potential liabilities.

If you're the Seller:

Negotiate for reasonable insurance coverage limits that align with industry standards. Ensure that the cost of insurance is manageable and does not impose undue financial burden.

Essential elements

1

Property Insurance

Covers physical loss or damage.
2

Liability Insurance

Covers bodily injury and property damage.
3

Business Interruption Insurance

Covers loss of income during interruptions.

Action framework

ACCEPT

Propose edits if coverage limits are insufficient or if additional insureds are not properly named.

EDIT

Reject if the insurance requirements do not meet minimum industry standards or expose the party to significant risk.

ADD

Add specific endorsements or higher coverage limits for high-risk properties or operations.

PRO TIP

Always verify that the insurance policies include a waiver of subrogation in favor of the Landlord.

Real-world examples

FAVORABLE

Comprehensive Insurance Coverage

"The Tenant shall maintain, at its sole cost and expense, the following insurance coverages during the term of the lease: Property Insurance, Liability Insurance, Business Interruption Insurance."
NEUTRAL

Basic Insurance Clause

"The Tenant shall maintain insurance as required by the Landlord."
UNFAVORABLE

Inadequate Insurance Coverage

"The Tenant may choose to maintain insurance at its discretion."

Alternative scenarios & positions

High-Risk Properties

For properties with higher risk profiles, such as those in flood zones, additional insurance coverages like flood insurance should be mandated.

Short-Term Leases

In short-term leases, consider adjusting the insurance requirements to reflect the reduced duration of risk exposure.

Multi-Tenant Buildings

In multi-tenant buildings, ensure that each tenant's insurance policy includes a clause preventing claims against other tenants.

Access all other DocJuris Playbooks

Launch in days, not months

Unlike complex CLMs with long implementations and steep learning curves, DocJuris is built for speed and simplicity. We integrate with your workflow—whether connecting to a CLM or uploading agreements manually—so you're up and running in days, not months.
WEEK 1
CLM Readiness and Design
Our CX team works with you to understand your contracting challenges, prioritize key workflows, and identify the biggest impact areas. We build a tailored implementation plan that fits your needs.
WEEK 2
Install Module
We connect DocJuris to your contract repositories, set up admin and user accounts, and ensure your environment is ready for success.
WEEK 3
Deliver & Test
Your team builds initial playbooks, reviews existing clause libraries, and trains the DocJuris agent to align with your internal standards and negotiation positions.
WEEK 4
Launch
We support you in rolling out DocJuris to a pilot group or your full organization—with launch materials, training, and hands-on support to drive adoption from day one.

Not another CLM

Tackle everything your team needs using existing IT without expensive consultants, outrageous user licensing fees, or complex coding. DocJuris takes on the heavy lift and delivers your requirements with its people, process, and technology.

See how DocJuris can automate your legal, procurement, and sales operations.

Request demo
© 2025 DocJuris, Inc. All rights reserved. Patent Pending.
DocJuris is not a law firm or a substitute for an attorney or law firm. We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options,selection of forms or strategies.