PURCHASE AGREEMENT REVIEW CHECKLIST Created by ChecklistGuro (https://checklistguro.com) --- PARTIES AND PROPERTY IDENTIFICATION --- [ ] 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 (Individual, Partnership, LLC, Trust, Corporate) --- PURCHASE PRICE AND FINANCING --- [ ] Agreed Purchase Price [ ] Financing Type (Buyer) (Conventional, FHA, VA, Cash, Other) [ ] 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? (Yes, No) --- EARNEST MONEY & DEPOSITS --- [ ] 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 (Buyer Default, Seller Default, Failed Contingency, Other (Specify in Long Text)) [ ] Specifics regarding release of Earnest Money to Seller at Closing (e.g., conditions) --- CONTINGENCIES --- [ ] Inspection Contingency Included? (Yes, No) [ ] Inspection Contingency Details (Scope, Deadline, etc.) [ ] Inspection Deadline [ ] Appraisal Contingency Included? (Yes, No) [ ] Agreed Upon Appraisal Amount (Contingency Trigger) [ ] Financing Contingency Included? (Yes, No) [ ] Financing Approval Deadline [ ] Specific Financing Conditions (if any) --- CLOSING DATE & POSSESSION --- [ ] Proposed Closing Date [ ] Actual Closing Date (if different) [ ] Possession at Closing? (Yes, No, Negotiable) [ ] Specific Possession Details (if Negotiable) [ ] Amount of Security Deposit (if applicable) [ ] Notes Regarding Security Deposit Release [ ] Leases or Rental Agreements (Included in Sale, Excluded from Sale, Negotiable) [ ] Details regarding leases (if applicable) --- DISCLOSURES & REPRESENTATIONS --- [ ] Seller's Disclosure Statement Review [ ] Lead-Based Paint Disclosure (if applicable) [ ] Environmental Hazards Disclosure (e.g., asbestos, radon) [ ] Property Condition Disclosure - Material Defects? (Yes - Detail Below, No, Unknown - Further Investigation Needed) [ ] Details regarding Material Defects (if applicable) [ ] Flood Zone Disclosure (In Flood Zone, Not in Flood Zone, Uncertain - Requires Verification) [ ] Supporting Documents (e.g., inspection reports, previous disclosures) --- DEFAULT & REMEDIES --- [ ] 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? (Yes, No) [ ] Cure Period Expiration Date (if applicable) [ ] Does Agreement Specify Specific Legal Action? (Yes, No) [ ] Notes on Remedies Clauses --- PERSONAL PROPERTY & INCLUSIONS --- [ ] List of Appliances Included (e.g., Refrigerator, Dishwasher, Oven, Microwave) (Refrigerator, Dishwasher, Oven/Range, Microwave, Washer, Dryer, Garbage Disposal, None) [ ] Other Personal Property Included (e.g., Window Coverings, Light Fixtures, Mirrors) (Window Coverings (Blinds, Curtains), Light Fixtures, Mirrors, Ceiling Fans, Storm Shutters, Other (Specify in Long Text Field), None) [ ] If 'Other' selected above, please specify: [ ] Quantity of Fireplace Screens Included [ ] Condition of Included Items (New, Like New, Good, Fair, As Is) [ ] Any specific agreements about condition or removal of included items? --- LEGAL REVIEW & SIGNATURES --- [ ] Attorney Name (Reviewing Counsel) [ ] Summary of Legal Review Comments/Recommendations [ ] Review Status (Not Reviewed, Reviewed, Needs Revision) [ ] Date of Legal Review [ ] Attorney Signature [ ] Notarization Required? (Yes, No) [ ] Upload Notarization Documents (if applicable) --- MISCELLANEOUS CLAUSES --- [ ] Special Stipulations/Addenda [ ] Home Warranty Inclusion? (Yes, No, To be Negotiated) [ ] Leaseback Period (if applicable) [ ] Leaseback Termination Date (if applicable) [ ] Brokerage/Agency Disclosures (Review for Completeness) [ ] As-Is Sale? (Yes, No) [ ] Clarification Needed on Unusual Clause (if any) --- END OF TEMPLATE --- Transform this text into a digital, automated, and trackable mobile app! Visit: https://checklistguro.com/templates/task-management/purchase-agreement-review-checklist (Click "Install Template" to launch your digital inspection tool immediately)