Purchase Agreement Review Checklist

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This Template was installed 3 times.

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Parties and Property Identification

1 of 10

Verify the correct parties are named and the property is accurately described.

Buyer's Full Legal Name

Seller's Full Legal Name(s)

Property Address (Full & Accurate)

Legal Description (Lot & Block)

Parcel Number (APN)

Type of Property (e.g., Single Family, Condo, Vacant Land)

Ownership Type

Purchase Price and Financing

2 of 10

Review the agreed-upon price, financing terms, and any contingencies related to financing.

Agreed Purchase Price

Financing Type (Buyer)

Down Payment Amount (if applicable)

Loan Amount (if applicable)

Loan Application Deadline

Interest Rate (Expected/Locked)

Special Financing Conditions (e.g., sale of buyer’s current property)

Appraisal Contingency?

Earnest Money & Deposits

3 of 10

Examine the earnest money amount, deposit schedule, and conditions for forfeiture.

Earnest Money Amount

Initial Deposit Due Date

Percentage of Purchase Price (if applicable)

Additional Deposit Due Date(s) (if applicable)

Description of how Earnest Money will be held (Escrow, Attorney Trust Account, etc.)

Condition for Forfeiture of Earnest Money

Specifics regarding release of Earnest Money to Seller at Closing (e.g., conditions)

Contingencies

4 of 10

Thoroughly analyze all contingencies (e.g., inspection, appraisal, financing) and their associated deadlines and remedies.

Inspection Contingency Included?

Inspection Contingency Details (Scope, Deadline, etc.)

Inspection Deadline

Appraisal Contingency Included?

Agreed Upon Appraisal Amount (Contingency Trigger)

Financing Contingency Included?

Financing Approval Deadline

Specific Financing Conditions (if any)

Closing Date & Possession

5 of 10

Confirm the agreed-upon closing date and details regarding possession of the property.

Proposed Closing Date

Actual Closing Date (if different)

Possession at Closing?

Specific Possession Details (if Negotiable)

Amount of Security Deposit (if applicable)

Notes Regarding Security Deposit Release

Leases or Rental Agreements

Details regarding leases (if applicable)

Disclosures & Representations

6 of 10

Assess all disclosures related to the property’s condition, history, and legal status.

Seller's Disclosure Statement Review

Lead-Based Paint Disclosure (if applicable)

Environmental Hazards Disclosure (e.g., asbestos, radon)

Property Condition Disclosure - Material Defects?

Details regarding Material Defects (if applicable)

Flood Zone Disclosure

Supporting Documents (e.g., inspection reports, previous disclosures)

Default & Remedies

7 of 10

Understand the consequences and remedies for both buyer and seller if either party defaults on the agreement.

Buyer Default Clause Description

Seller Default Clause Description

Buyer's Forfeited Earnest Money Limit (if applicable)

Seller's Damages Limit (if applicable)

Specific Cure Period Provided?

Cure Period Expiration Date (if applicable)

Does Agreement Specify Specific Legal Action?

Notes on Remedies Clauses

Personal Property & Inclusions

8 of 10

Verify which personal property items are included in the sale and clearly defined.

List of Appliances Included (e.g., Refrigerator, Dishwasher, Oven, Microwave)

Other Personal Property Included (e.g., Window Coverings, Light Fixtures, Mirrors)

If 'Other' selected above, please specify:

Quantity of Fireplace Screens Included

Condition of Included Items

Any specific agreements about condition or removal of included items?

Legal Review & Signatures

9 of 10

Ensure all signatures are correct, witnesses and notarization (if required) are in place, and legal counsel has reviewed (if applicable).

Attorney Name (Reviewing Counsel)

Summary of Legal Review Comments/Recommendations

Review Status

Date of Legal Review

Attorney Signature

Notarization Required?

Upload Notarization Documents (if applicable)

Miscellaneous Clauses

10 of 10

Review any unique or unusual clauses that require special attention or clarification.

Special Stipulations/Addenda

Home Warranty Inclusion?

Leaseback Period (if applicable)

Leaseback Termination Date (if applicable)

Brokerage/Agency Disclosures (Review for Completeness)

As-Is Sale?

Clarification Needed on Unusual Clause (if any)

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Frequently Asked Questions

Can I customize this template after installing it?

Absolutely. Once installed, you can add, remove, or reorder tasks, add custom fields, and adjust deadlines to fit your specific workflow.


Can I add images or photos to these checklist items?

Yes. Our platform allows you to attach photos, signatures, and notes to any checklist item for better verification and proof of completion.


Can I create a custom checklist from scratch instead of using a template?

Yes. You can use our "Create your own checklist" feature to build a unique workflow tailored exactly to your operational requirements.


Can I add dependencies between tasks?

Yes, you can set up conditional logic and dependencies to ensure your team follows the correct sequence of operations.


Can I assign specific checklist items to different team members?

Yes. You can assign individual tasks to specific employees, ensuring clear accountability across your entire team.


Can I use these checklists on mobile devices in the field?

Yes. Our platform is fully responsive, allowing your team to complete, update, and upload photos to checklists directly from any smartphone or tablet.


How do I notify my manager when a checklist is completed?

You can set up automated notifications (via email, push notification, or in-app alerts) to trigger whenever a checklist is finished or if an item fails inspection.


Can multiple people work on the same checklist simultaneously?

Yes, the platform supports real-time updates, allowing multiple users to contribute to a single live checklist.


Where is the data from completed checklists stored?

All completed checklists are stored securely in your Work OS dashboard, creating a permanent, searchable audit trail of your operations.


Can I generate reports based on my checklist results?

Yes. You can track completion rates, identify recurring issues, and monitor team performance through our integrated reporting and analytics tools.


How can I use these checklists for compliance or auditing purposes?

Because our checklists capture timestamps, photos, and digital signatures, they serve as a robust digital paper trail for regulatory compliance and internal audits.


Can I export my completed checklist data for use in other tools?

Yes. You can export your data in various formats (CSV, Excel, etc.) to integrate your operational insights with your other business software.


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