Real Estate Post Closing Document

REAL ESTATE POST CLOSING DOCUMENT

This Post-Closing Statement and Acknowledgment is entered into as of Closing Date: by and between Seller Name: and Buyer Name: concerning the real property described below. The parties acknowledge that the closing has occurred and set forth the post-closing adjustments, deliveries, certifications, and obligations herein.

1. Property Identification

2. Closing and Recording Details

Closing Location (County):   Recorded Instrument No./Book & Page:

Recording Date:   County Recorder Reference:

3. Financial Reconciliation

4. Documents Delivered and Possession

The following documents and items were delivered to Buyer or recorded as indicated. Check all that apply.

Deed (recorded)     Bill of Sale     Affidavit of Title/Seller's Affidavit

Survey     Title Insurance Policy / Commitment     Keys / Access Devices

Possession provided to Buyer on:   Condition of Property at Possession:

5. Disclosures and Post-Closing Certifications

Seller certifies and covenants as follows (check appropriate box):
Lead-based paint known: Yes No

Known mold or water intrusion events: Yes No

Prior material structural or environmental damage (disclosed to Buyer): Yes No

Seller further certifies that, except as disclosed to Buyer in writing prior to closing, there are no undisclosed liens, encumbrances, or judgments against the Property as of the date of closing and that Seller has delivered to Buyer and the closing agent all instruments necessary to vest title in Buyer free and clear of encumbrances except those shown in the public record or otherwise disclosed.

6. Holdbacks, Claims, and Post-Closing Adjustments

Are any funds being held in escrow post-closing to satisfy repairs, liens, or claims? Yes No

Any party asserting a post-closing claim shall provide written notice to the other party within 30 days of discovery of the claim. The parties agree to cooperate in providing documents and executing instruments reasonably necessary to resolve any such claim or to correct any clerical or recording error affecting title, subject to payment of documented costs and expenses.

7. Indemnity and Survival

Seller agrees to indemnify and hold harmless Buyer from any liability, loss or expense (including reasonable attorneys' fees) arising from facts or events existing prior to the closing date, including undisclosed liens, unpaid taxes, assessments, or breaches of Seller's representations, except to the extent such liabilities were expressly assumed by Buyer in the closing documents. The obligations and representations in this Post-Closing Document shall survive the closing for a period of two years, except that obligations relating to title defects shall survive in accordance with applicable law.

8. Cooperation and Further Assurances

Each party shall execute and deliver such further documents and instruments, and take such further actions, as may reasonably be necessary to effectuate the intents and purposes of this Post-Closing Document, including corrective deeds or affidavits to cure clerical, typographical or recording errors at the request of the other party or the title insurer.

9. Governing Law; Entire Agreement

This Post-Closing Document shall be governed by and construed in accordance with the laws of the state in which the Property is located. This document, together with the deed and the settlement statements executed at closing, constitutes the entire agreement between the parties with respect to post-closing matters and supersedes any prior oral or written post-closing understandings; provided, however, that the terms of the underlying purchase agreement and closing documents remain in full force and effect except to the extent modified herein.

10. Acknowledgment of Receipt

Buyer acknowledges receipt of the documents and items checked above and acknowledges that any deposit, escrow or closing statements reflect the final accounting except for any holdbacks or unresolved claims expressly identified herein.

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