Ohio Commercial Property Sales Package

State:
Ohio
Control #:
OH-P021-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this Commercial Property Sales Package, you will find many of the forms that are part of closing a commercial real estate transaction.


Included in your package are the following forms:



1. A Contract for the Sale and Purchase of a Commercial Lot or Land without a Broker;

2. A Option for the Sale and Purchase of a Commercial Building;

3. A Option for the Sale and Purchase of a Commercial Lot or Land;

4. An Addendum for Environmental Assessment of Threatened or Endangered Species or Wetlands;

5. An Addendum for Continued Marketing of Property by Seller due to Contingencies;

6. An Exchange Addendum to Contract for Tax Free Exchange under Section 1031;

7. A Tax Free Exchange Agreement pursuant to Section 1031; and

8. A Fixed Rate Promissory Note Secured by Commercial Real Estate.



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How to fill out Ohio Commercial Property Sales Package?

When it comes to filling out Ohio Commercial Property Sales Package, you probably imagine a long procedure that requires getting a ideal sample among numerous similar ones and after that being forced to pay legal counsel to fill it out for you. In general, that’s a slow and expensive choice. Use US Legal Forms and choose the state-specific template within clicks.

In case you have a subscription, just log in and click on Download button to find the Ohio Commercial Property Sales Package form.

If you don’t have an account yet but need one, keep to the point-by-point manual below:

  1. Make sure the file you’re saving is valid in your state (or the state it’s needed in).
  2. Do this by reading through the form’s description and by visiting the Preview option (if readily available) to find out the form’s information.
  3. Simply click Buy Now.
  4. Select the proper plan for your budget.
  5. Subscribe to an account and choose how you would like to pay: by PayPal or by credit card.
  6. Save the file in .pdf or .docx format.
  7. Find the record on your device or in your My Forms folder.

Skilled lawyers work on drawing up our samples so that after downloading, you don't have to bother about enhancing content material outside of your personal info or your business’s information. Be a part of US Legal Forms and receive your Ohio Commercial Property Sales Package example now.

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FAQ

The Person Liable for the Lease. Your Business Structure. How Long You Have Been in Business. The Nature of Your Business. Contact Information. Your Proposed Terms (or, Counter Offer) The Length of the Lease. Condition of the Property.

To calculate the value of a commercial property using the Gross Rent Multiplier approach to valuation, simply multiply the Gross Rent Multiplier (GRM) by the gross rents of the property.

One of the common methods used to evaluate a commercial property is to compare its capitalization rate (also known as cap rate) to that of similar properties. This is calculated by dividing the property's sale price by the net operating income.

A real estate deal can take a turn for the worst if the contract is not carefully written to include all the legal stipulations for both the buyer and seller.You can write your own real estate purchase agreement without paying any money as long as you include certain specifics about your home.

Buyer and seller information. Property details. Pricing and financing. Fixtures and appliances included/excluded in the sale. Closing and possession dates. Earnest money deposit amount. Closing costs and who is responsible for paying.

Figure Out Your Goal for the Project. Create a Property Level Financial Model for the Deal. Create a Model Based on Your Proposed Deal Structure With Your Investor. Adjust Your Proposed Structure So That the Deal Would Make Sense for You to Do.

At the top of the page, you should center the title between the left- and right-hand margins. Title your document something like Purchase and Sale Agreement or Agreement to Purchase Real Estate. Identify the parties to the sale. You need to identify the purchaser and the seller at the start of your agreement.

An introduction paragraph: a brief sentence or two stating what the letter's purpose is. Involved parties, including the buyer's and seller's names and contact information. A property description, including the address and possibly the legal description.

Know Your Needs. The first step in an effective negotiation is to have a firm grasp on what you need out of the lease or sale. Set Budget Beforehand. Now that you have a general idea of what you're looking for, it's time to set a budget. Due Diligence. Making an Offer. Treat All Parties With Respect.

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Ohio Commercial Property Sales Package