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AI Skills: Purchase & Sale Agreement Review
AI Skills: Purchase & Sale Agreement Review

Understand the inputs required and expected output of the Purchase & Sale Agreement Review Skill.

Caroline Riley avatar
Written by Caroline Riley
Updated over 2 months ago

The Purchase & Sale Agreement Review skill ingests a senior housing purchase and sale agreement and produces an executive summary in an easily consumable format to understand best practice questions about the document. Additionally, the Purchase & Sale Agreement Review skill allows the user to ask up to five (5) unique questions about the document.

Specifically, the Purchase & Sale Agreement Review skill produces analysis on the following sections of the uploaded document:

  • Parties

  • Property Name and Description

  • Purchase Price

  • Deposit/Earnest Money

  • Closing Date

  • Contingencies

  • Waiver Timeline

  • Due Diligence Period

  • Representation and Warranties

  • Indemnifications

  • Inspections

  • Conveyance of Title

  • Facility Operations

  • Default, Remedies, and Termination

  • Taxes and Prorations

  • Confidentiality

  • Non-Compete Clause

  • Governing Law & Dispute Resolution

  • Brokers

  • Insurance

  • Operations Transfer and Assignment

  • Amendments and Modifications

  • Environmental Assessments

  • Property Management Transition

  • Technology and Data Transfer

  • Future Development Rights

To use this Skill, you must have a purchase and sale agreement document for a senior housing community available to upload to the Skills module. Acceptable file formats include: .docx, .pdf, or .txt file. Please avoid scanned documents if possible as they may have trouble having their text recognized correctly.

To run this Skill:

  1. Click "Continue" to acknowledge that you understand the upload requirements of the Skill.

  2. Upload your desired agreement document.

  3. The analysis of your agreement will likely take several minutes. You can navigate away from the page while AI Skills analyzes your document. To download the output to a word document, select the "Download" button at the top or bottom of the output.

  4. Input a question about the agreement into the blank text box or choose "Skip." You may ask up to five (5) questions per agreement.

PLEASE NOTE: This content has been generated by NIC MAP Vision's Automations Platform and is only intended to be a first draft. It must be reviewed by a trained professional to ensure accuracy and compliance with all applicable laws and regulations.

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