PA12137 Medical Office Building Sale Leaseback Purchase Agreement Including The Lease Back To Seller
This form is a real estate purchase agreement for an acquisition of a medical office building. A portion of the purchase price is paid in cash at the closing, with the balance paid by the buyer over time pursuant to a promissory note.
The purchase agreement contains customary representations from both the seller and the buyer, as well as mutual indemnifications.
The purchaser has a period of twenty days in which to conduct due diligence on the property, and the seller must deliver engineering reports, title information, underlying leases and related documentation to the buyer within ten days from the signing of the purchase agreement.
The property will be leased back to the seller following the closing, and this lease is included as an exhibit with this product. Also included is a form of lease guaranty for the corporate parent of the seller tenant, and the promissory note covering a portion of the purchase price.
Number of Single Spaced Pages: 45
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