1. Strategies for Ensuring a Smooth Closing
LSUC – Commercial Real Estate Transactions 2016
September 13, 2016

2. How to Ensure a Smooth Closing
Main themes
Identify closing items and issues
Minimize last minute surprises
Planning
Who is doing what and when
Organization
Use your closing agenda

3. How to Ensure a Smooth Closing
 Specific Strategies
Know your Agreement/Deal
Closing Agenda
Third Party Deliverables
Closing Documentation
Communication
Post-closing Items

4. How to Ensure a Smooth Closing – Best Practices
Know your Agreement/Deal
Re-review the major transaction documents
Identify what needs to get done
Closing Agenda
Get Organized
Comprehensive and Detailed
Circulate your Closing Agenda

5. How to Ensure a Smooth Closing – Best Practices
Third Part Deliverables
Identify ASAP
Examples
Tenant Estoppels, no-interest letters, Discharges, Lender Requirements, Governmental approvals
Plan and follow up
Closing Documentation
Don’t renegotiate unless necessary
Don’t wait

6. How to Ensure a Smooth Closing – Best Practices
Clear and Constant Communication
Client: SOA, Funds, Signatories and other client Closing Items
Opposing Counsel: Responsibility and Closing Day Items
Post-Closing Items
Examples: LTT filings, Discharges, Post-Closing Works, Readjustments
Post-Closing Critical Dates and Follow Up

7. Strategies for Ensuring a Smooth Closing LSUC – Commercial Real Estate Transactions 2016
Neil Shapiro Stikeman Elliott LLP

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