| Zoning Guidelines & Buyer Qualifications |
BUYER QUALIFICATIONS:
· Along with a Letter of Intent to Purchase, all Interested Parties are to provide, at a minimum, the following:
· Financial disclosure
· Portfolio of experience with similar commercial projects and track record with other cities
ENTITLEMENTS & TIMING:
· All Buyers are encouraged to check with the City of Whittier prior to submission of Letter Of Intent.
ESCROW & DEPOSITS:
· Seller will expect at various times during escrow, that buyer will pass through deposits in certain
amounts relative to the time and progress Buyer has made with teh entitlement process.
SELLER DISCLOSURES:
Seller will provide the following as a complete set of Seller Disclosures:
· ALTA Survey
· Natural Hazard Disclosure Report
· Existing Environmental Reports
· Preliminary Title Report
COMMISSION:
· GM PROPERTIES has a policy of pro-active broker co-operation with the investment brokerage community. A co-operating broker fee of two percent (2%) of the purchase price shall be paid at closing to the co-operating broker that represents the Buyer that acquires this property. It is GM PROPERTIES’ policy not to co-operate with brokers that represent themselves as Principals.
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