CLE - The Basics of a Commercial Real Estate Transaction Session 3: Preparation for Closing, Closing and Post-Closing - November 27, 2025

Overview

Preparation for closing - Key points for review: 

(a)  Document preparation and review

(b)  Calculation of closing funds 

(c)  Document signature

(d)  Document exchange 

Closing and post-closing - Key points to review:

(a)  Components of closing:

i.               Document exchange

ii.              Money delivery between deal parties

iii.             Payment of monies to lender(s), other parties (broker commission, title insurer)

iv.              Access devices (keys, other items) and/or arrangements for access

v.             Notices to requisite parties

(b)  Components of post-closing:

i.               Distribution of executed closing documents to required parties 

ii.              Follow up on:

1.     Discharge(s)/authorizations to discharge to be delivered/registered and delivered

2.     Assumption or assignment agreements to be executed and delivered

3.     Outstanding documents or other deliveries that are post-closing items

iii.             Preparation and delivery of reports to:

      1.  Client(s)

      2.  Lender

      3.  Title insurer

     4.  Other required parties