Commercial Property Acquisition: Week by Week
This timeline provides the typical schedule for a commercial property acquisition. Actual timelines vary by transaction complexity. See Complete Guide to Buying Commercial Property.
Weeks 1-2: LOI & Contract
Letter of intent negotiation. Purchase agreement drafting and execution. Due diligence period begins.
Weeks 2-4: Due Diligence Launch
Title examination ordered. Phase I environmental assessment initiated. Survey commissioned. Existing lease review begins.
Weeks 4-8: Analysis & Resolution
Due diligence findings reviewed. Title defects addressed. Zoning verified. Financing application submitted. Lender requirements coordinated.
Weeks 8-10: Pre-Closing
Final walk-through. Closing documents prepared. Title insurance commitments reviewed. Escrow funded.
Week 10-12: Closing
Document execution. Funds disbursement. Deed recording. Keys and possession transfer. Post-closing compliance begins.
For ongoing property counsel, explore Fractional General Counsel. See Commercial Real Estate practice.
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Conor Meyers
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