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Crest Net Lease

The following describes the typical Crest Net Lease transaction:

Step 1: Identify a Property

Step 2: Submit Offer

  • After reviewing the property package, submit an offer:
    • Download and print the Letter of Intent
      LOI - PDF Format
    • Download and print the Confidentiality Agreement
      Confidentiality Form - PDF Format
    • Review, complete, and execute the forms
    • Send the completed forms to one of the email addresses above or
    • Fax the forms to 760-741-8674  
  • Upon acceptance of the Letter of Intent and Confidentiality Agreement, our in-house legal staff will prepare the Purchase and Sales Agreement, which will be sent via e-mail within one to three days. The Due Diligence materials will be accessible upon receipt of the signed Confidentiality Agreement through an online data room.

Step 3: Due Diligence Period

  • Our legal team works as the liaison between the buyer, the buyer’s broker, and the buyer’s legal counsel to settle the contract.
  • The Due Diligence materials include, but are not limited to the following: the lease agreement, a land survey, an environmental site report, zoning information, a certificate of insurance, tax information, and tenant financials.
  • If necessary, buyer engages perspective lenders and pursues loan commitment.
  • With advance notice, our legal staff will coordinate your visit to the property.
  • Escrow is opened and updated title is ordered.
  • Our legal team manages the closing of the transaction and provides assistance in order to complete the transaction in a timely manner.

Step 4: Closing

  • The closing documents are prepared, sent, and signed by all parties.
  • Buyer’s funds are transferred and seller’s transfer documents are concurrently deposited to escrow.
  • The good faith deposit is applied towards the purchase price.
  • Broker’s commission is paid.