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Attorney Review Checklist

Contract Review

Ensure all parties involved have signed the contract

Verify that the contract includes all necessary terms and conditions

Review the contract for any ambiguities or potential legal issues

Confirm that the contract complies with local and state laws and regulations

Assess the accuracy of all financial details and payment terms in the contract

Title Examination

Request a title search and review the findings

Verify the seller's ownership rights and legal right to sell the property

Check for any liens, encumbrances, or restrictions on the property

Confirm that the title is clear and marketable

Review any title insurance policies or commitments

Due Diligence

Conduct a thorough inspection of the property, including physical structures and amenities

Review any environmental reports or assessments

Assess any potential zoning or land use issues

Verify the existence and condition of any necessary permits or licenses

Review any existing leases or rental agreements

Financing and Lending

Review loan agreements and mortgage documents

Verify the terms, conditions, and interest rates of the loan

Assess any potential risks or contingencies related to the financing

Confirm that all necessary financial disclosures have been made

Review any escrow or closing instructions

Contingencies and Deadlines

Identify and track all contingencies and deadlines within the contract

Ensure that all necessary inspections, appraisals, or surveys are completed within the specified timeframe

Coordinate with all parties involved to meet required deadlines

Review any contingency release forms or amendments

Disclosures and Disciplinary Actions

Review all required disclosures, including lead-based paint, property condition, and seller disclosures

Verify that all necessary disclosures have been made to the buyer

Research the disciplinary history of the parties involved, including real estate agents or brokers

Assess any potential legal implications of past disciplinary actions

Closing and Post-Closing

Review the closing statement and settlement documents

Coordinate with the title company or escrow agent for a smooth closing process

Verify the accuracy of all financial figures and prorations

Review any post-closing obligations or warranties

Confirm the transfer of ownership and recording of necessary documents

Note: This checklist is intended as a general guide and may vary based on specific circumstances and local regulations. It is always recommended to consult with a qualified attorney for legal advice in real estate transactions.

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