Source: https://legacy.pli.edu/content/Treatise/Holtzschue_on_Real_Estate_Contracts_and_Closings/_/N-4lZ1z140c5?ID=37332
Timestamp: 2019-05-26 18:00:26
Document Index: 650319770

Matched Legal Cases: ['§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2', '§ 3', '§ 3', '§ 3', '§ 3', '§ 3', '§ 3', '§ 3', '§ 3', '§ 3', '§ 3', '§ 4', '§ 4', '§ 4', '§ 4', '§ 4', '§ 4', '§ 4', '§ 4', '§ 4', '§ 4', '§ 4']

PLI: Treatises - Holtzschue on Real Estate Contracts and Closings: A Step-by-Step Guide to Buying and Selling Real Estate (Third Edition)
§ 1:1.3 : Structuring the Transaction1-14
[A] : Federal Income Tax1-14
[A][1] : Sale of a Residence1-14
[A][2] : Other Sales1-16
[B] : State and Local Transfer Taxes1-20
§ 1:1.4 : Gathering Documents and Other Facts1-21
§ 1:1.7 : Tenanted Buildings1-30
§ 1:1.8 : New Construction1-31
§ 1:1.9 : Condition of Property and Environmental Matters1-33
§ 1:2.2 : Gathering Documents and Other Facts1-37
§ 1:2.3 : Inspection1-43
§ 1:2.4 : Structuring the Transaction1-45
[A] : Financing1-45
[B] : Federal Income Tax1-54
[C] : Probate and Estate and Gift Taxes1-56
[D] : Other Considerations1-57
§ 1:2.5 : Binders and Letters of Intent1-61
§ 1:2.6 : Options and Rights of First Refusal1-62
§ 1:2.7 : Tenanted Buildings1-65
§ 1:2.8 : New Construction1-66
§ 1:2.9 : Condition of Property and Environmental Matters1-67
§ 1:2.10 : Multistate Transactions1-69
§ 1:2.11 : Distressed Properties1-71
§ 1:2.12 : Auction Sales1-72
[A] : House Sales2-15
[B] : Comparison of Forms2-19
[A] : Land2-25
[B] : Easements2-28
[E] : Appurtenances2-30
[A] : Earnest Money Deposit (Down Payment)2-33
§ 2:2.6 : Existing Mortgage2-48
§ 2:2.7 : Acceptable Title and Title Insurance2-55
[A] : Marketable Title2-55
[B] : Fee Simple Title2-58
[C] : Insurable Title2-59
[D] : Permitted Exceptions to Title2-64
[D][1] : Zoning and Similar Laws and Governmental Regulations2-64
[D][2] : Consents for the Erection of Structures on, Under, or Above Any Streets on Which the Premises Abut2-66
[D][3] : Encroachments of Stoops, Etc., upon Any Street or Highway2-66
[D][4] : Survey; Adverse Possession2-67
[D][5] : Exceptions from Seller’s Title Insurance Policy2-76
[D][6] : Matters Done or Suffered by Seller2-77
[D][7] : Covenants, Restrictions, Easements, and Other Agreements2-77
[D][8] : Rights of Tenants2-92
[D][9] : Personal Inspection2-92
[E] : Title Insurance2-92
[E][1] : Rates2-97
[E][2] : Policy Forms2-100
[E][3] : Endorsements2-106
[E][4] : Creditors’ Rights Exclusion2-109
[E][5] : Forfeiture Statutes2-110
§ 2:2.8 : Form of Deed2-111
§ 2:2.9 : Closing Date and Place2-114
[A] : Adjournments and Time of the Essence2-115
§ 2:2.10 : Broker2-121
[A] : Entitlement to Commission2-122
[B] : Written Agreement2-129
[C] : Duties of Broker and Agency Disclosure2-130
§ 2:2.11 : Condition of Premises and Caveat Emptor2-132
[A] : Caveat Emptor2-133
[A][1] : Generally No Duty of Seller to Disclose Defects2-133
[A][2] : Exceptions Requiring Disclosure2-136
[A][3] : Liability for Representations of Seller2-145
[A][4] : Purchaser’s Duty to Inspect2-150
[A][5] : Contractual Defenses of Seller2-153
[A][6] : Liability of Brokers2-158
[B] : Contract Provisions2-161
§ 2:2.12 : Violations and Municipal Liens2-163
[A] : Violations2-163
[B] : Municipal Liens2-166
§ 2:2.13 : Apportionments, Installment Assessments, and Utility Readings2-167
[A] : Apportionments2-167
[B] : Installment Assessments2-169
[C] : Utility Readings2-170
§ 2:2.14 : Objections to Title2-170
[A] : Allowance for Unpaid Taxes, Etc.2-171
[B] : Use of Purchase Price to Pay Encumbrances2-171
[C] : Affidavits to Clear Objections2-172
§ 2:2.15 : Transfer and Recording Taxes2-172
[A] : Transfer Taxes2-172
[B] : New York State Real Property Transfer Gains Tax2-175
[C] : Mortgage Recording Tax2-176
[D] : Foreign Investment in Real Property Tax2-177
§ 2:2.16 : Purchaser’s Lien2-178
§ 2:2.17 : Remedies for Breach or Failure to Close2-179
[A] : Breach of Seller’s Representations and Obligations2-179
[A][1] : Rescission2-186
[A][2] : Damages2-187
[A][3] : Specific Performance; Notice of Pendency2-189
[A][4] : Survival of Seller’s Representations and Obligations2-195
[B] : Breach of Purchaser’s Obligations2-196
[B][1] : Retention of Down Payment2-200
[B][2] : Damages2-202
[B][3] : Specific Performance2-203
[C] : Termination or Cancellation of Contract of Sale2-204
§ 2:2.18 : Risk of Loss by Damage or Condemnation2-205
[A] : Uniform Vendor and Purchaser Risk Act2-206
§ 2:2.19 : Miscellaneous Provisions2-207
[A] : Entire Agreement2-207
[B] : Changes Must Be in Writing2-208
[C] : Binding on Heirs, Successors, and Assigns2-208
[D] : Changes in Dates by Attorneys2-209
[E] : Adjournment2-209
[F] : Further Assurances2-209
[G] : Exclusive Benefit2-209
[H] : Assignment2-209
§ 2:2.20 : Execution and Delivery2-210
§ 2:3 : Additional Contract Provisions2-213
§ 2:3.1 : Mortgage Commitment Contingency2-213
[A] : Contingency Clause2-213
[B] : Institutional Lender and Mortgage Broker2-216
[C] : Commitment Date2-217
[D] : Loan Amount, Term, and Interest Rate2-218
[E] : Purchaser’s Obligations2-220
[F] : Rights to Cancel2-225
[G] : Other Considerations2-235
§ 2:3.2 : Title Report; Title Opinion2-237
§ 2:3.3 : Certificate of Occupancy2-238
§ 2:3.4 : Condition of Systems and Appliances2-240
§ 2:3.5 : Seller’s Ownership and Power to Sell2-241
§ 2:3.6 : Delivery of Possession at Closing2-245
§ 2:3.7 : Limitation on Assignment of Contract2-246
§ 2:3.8 : Nonsurvival of Seller’s Liability2-247
§ 2:3.9 : Escrow of Down Payment2-249
§ 2:3.10 : Limitation of Purchaser’s Liability2-254
§ 2:3.11 : Insurance Against Violation of Covenants2-254
§ 2:3.12 : Inspection Contingency2-255
§ 2:3.13 : Maintenance of Grounds2-257
§ 2:3.14 : New York State Real Property Transfer Gains Tax2-258
§ 2:3.15 : Adjournments2-258
§ 2:3.16 : Notices by Mail; Notices by Attorneys2-258
§ 2:3.17 : Nonpayment of Check2-259
§ 2:3.18 : Risk of Loss2-260
§ 2:3.19 : Preclosing Possession by Purchaser2-260
§ 2:3.20 : Postclosing Possession by Seller2-262
§ 2:3.21 : Recording Memorandum of Contract2-263
§ 2:3.22 : New Construction2-264
[A] : Plans and Specifications2-265
[B] : “Punch List”2-265
[C] : Guarantee of Work2-265
[D] : Guarantees and Warranties2-265
[E] : Certificates and Permits2-266
[F] : Down Payment2-266
[G] : Streets, Sewers, and Utilities2-266
§ 2:3.23 : Condominium Units2-267
[A] : Description2-267
[B] : Title Exceptions2-267
[C] : Deed2-267
[D] : Apportionments2-268
[E] : Right of First Refusal2-268
[F] : Statement of Common Charges2-268
[G] : Payment of Transfer Fees2-268
[H] : Valid Condominium2-268
[I] : Risk of Loss As to Common Elements2-268
§ 2:3.24 : Representations of Seller and Conditions to Closing2-268
§ 2:3.25 : Environmental Matters2-269
[A] : Generally2-269
[B] : Environmental Assessment2-270
[C] : Environmental Contract Provisions2-272
[D] : Disclosure2-275
[E] : Environmental Impact Statements2-277
[F] : Approval and Permit Requirements2-277
[G] : Hazardous Waste Cleanup Laws, Liens, and Superliens2-278
[H] : Underground Storage Tanks2-282
[I] : Other Hazardous Substances and Conditions2-285
[J] : Insurance2-291
§ 2:3.26 : Miscellaneous Additional Provisions2-292
[A] : Smoke Alarm and Other Required Provisions2-292
[B] : Subject to Approval of Attorney2-293
[C] : Subdivision or Rezoning Contingency2-294
[D] : Interstate Land Sales Full Disclosure Act2-296
[E] : Antitrust2-297
[F] : Disabilities and Handicaps2-298
[G] : Copyright Law2-299
[H] : Alternative Dispute Resolution2-299
[I] : Attorneys’ Fees2-300
[J] : Sale Contingency2-300
§ 2:4 : Contracts for Tenanted Buildings2-300
§ 2:4.1 : General Considerations2-300
§ 2:4.2 : Seller’s Representations2-301
[A] : Rent Schedule2-301
[B] : Rent Control2-304
[C] : Residential Appliances2-305
[D] : Real Estate Taxes and Assessments2-305
[E] : Insurance and Service Contracts2-305
[F] : Employees2-306
§ 2:4.3 : Seller’s Obligations Between Contract and Closing2-306
[A] : Existing Leases2-306
[B] : New Leases2-307
[C] : Application of Security Deposits2-308
[D] : Service Contracts2-308
[E] : Insurance Policies2-308
[F] : Removal of Personal Property2-308
[G] : Real Estate Tax Protests2-308
[H] : Access to the Premises, the Leases, and Other Documents2-308
§ 2:4.4 : Seller’s Closing Obligations2-308
[A] : Leases2-309
[B] : Security Deposits2-309
[C] : Updated Rent Schedule2-309
[D] : Tenant Records2-309
[E] : Notices to Tenants2-309
[F] : Tenant Estoppel Letters2-310
[G] : Service Contracts2-310
[H] : Assignment of Contracts2-310
[I] : Original Insurance Policies2-310
[J] : Updated Representations2-310
[K] : Plans and Specifications2-311
[L] : Approvals of Leases2-311
[M] : Expense Statements2-311
[N] : Other Closing Documents2-311
§ 2:4.5 : Additional Apportionments2-311
[A] : Prepaid Rents2-311
[B] : Rent Arrears2-311
[C] : Percentage Rents and Escalation Charges2-312
[D] : Security Deposit Administrative Charges2-312
[E] : Prepaid Fee or Charges Under Rent Regulation Statutes2-313
[F] : Reletting Expenses2-313
§ 2:4.6 : Limitations on Survival of Seller’s Representations and Obligations2-313
§ 3:1.8 : Remind Purchaser to Deliver Proper Closing Checks3-13
§ 3:1.10 : Obtain Waiver of Right of First Refusal for Condominium Unit3-14
§ 3:2 : Representing the Purchaser3-15
§ 3:2.3 : Prepare New York State Gains Tax Questionnaire3-22
§ 3:2.4 : Prepare Closing Checklist3-22
§ 3:2.6 : Calculate Apportionments3-27
§ 3:2.7 : Arrange for Opening Utility Accounts3-28
§ 3:2.8 : Arrange for Issuance of Fire and Liability Insurance Policies3-28
§ 3:2.10 : Have Purchaser Inspect Before Closing3-29
§ 3:2.11 : Schedule the Closing3-30
§ 4:1.10 : Complete Other Closing Checklist Requirements4-10
§ 4:2.2 : Deliver Note, Mortgage, and Other Loan Documents4-14
§ 4:2.3 : Deliver Fire and Liability Insurance Policies4-21
§ 4:2.4 : Have Title Report Marked and Redated4-21
§ 4:2.5 : Have Transfer Tax Documents Signed and Delivered4-23
§ 4:2.6 : File Miscellaneous Reports4-23
§ 4:2.10 : Complete Other Closing Checklist Requirements4-25
§ 4:2.11 : Designate Person to File IRS Closing Report4-26
§ 4:3 : After the Closing4-26
§ 4:3.1 : Representing the Seller4-26
§ 4:3.2 : Representing the Purchaser4-26