Chapter 6 - CHAPTER 6 SELLING AND LEASING PROPERTY

• Jurisdiction: Colorado

Chapter 6 SELLING AND LEASING PROPERTY

J. Kemper Will, Esq.
Scott A. Clark, Esq.

SYNOPSIS

§ 6.1 INTRODUCTION

§ 6.2 SELLER'S DISCLOSURES

§ 6.3 SELLER'S REPRESENTATIONS AND WARRANTIES

§ 6.4 BUYER'S DUE DILIGENCE

§ 6.4.1—Non-Disclosure Agreement
§ 6.4.2—Letters Of Intent
§ 6.4.3—Purchase Agreement Terms
§ 6.4.4—Conducting Due Diligence

§ 6.5 MANAGEMENT OF RISK AND ALLOCATION OF LIABILITY

§ 6.5.1—EPA Risk Mitigation Tools
§ 6.5.2—State Risk Mitigation Tools
§ 6.5.3—Releases And Indemnification

§ 6.6 THIRD-PARTY AGREEMENTS

§ 6.7 LANDLORD-TENANT ISSUES

§ 6.7.1—Legal Liabilities
§ 6.7.2—Managing Landlord-Tenant Liabilities
§ 6.7.3—Sample Lease Provisions

FORMS

Form 6A—Seller's Property Disclosure
Form 6B—Lead-Based Paint Disclosure (Sales)
Form 6C—Disclosure Schedule
Form 6D—Non-disclosure Agreement
Form 6E—Letter of Intent
Form 6F—Exclusivity Provision
Form 6G—Due Diligence Checklist
Form 6H—Alternative Forms of License for Access
Form 6I—Buyer's Inspection
Form 6J—Approvals Condition
Form 6K—EPA Reasonable Steps Letter
Form 6L—Purchase Agreement Clause — Seller to Provide All Reports Form 6M—Purchase Agreement Clauses — Alternative Forms of Seller's Representations
Form 6N—Purchase Agreement Clause — Buyer's Non-Reliance on Seller's Information
Form 6O—Purchase Agreement Clause — "As Is" Sale Form 6P—Purchase Agreement Clauses — Due Diligence Process Form 6Q—Purchase Agreement Clause — Seller Controls Environmental Information
Form 6R—Purchase Agreement Clause — Buyer Must Return Documents
Form

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