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Contract analysis / email-dominguez-to-stanhope-title-insurance-endorsements.eml
email-dominguez-to-stanhope-title-insurance-endorsements.eml
High · 0
Medium · 1
Standard · 1
1. Owner's Comprehensive Endorsement (ALTA 9 series)
1. Owner's Comprehensive Endorsement (ALTA 9 series)
2. Access Endorsement (ALTA 17 or 17.1) — confirming access to public roads
2. Access Endorsement (ALTA 17 or 17.1) — confirming access to public roads
3. Survey Endorsement (ALTA 25 or 25.1) — removing standard survey exception based on ALTA
3. Survey Endorsement (ALTA 25 or 25.1) — removing standard survey exception based on ALTA/NSPS surveys
4. Zoning Endorsement (ALTA 3 or 3.1) — zoning compliance; zoning confirmation letters hav
4. Zoning Endorsement (ALTA 3 or 3.1) — zoning compliance; zoning confirmation letters have been obtained for all 14 properties
5. Contiguity Endorsement — where applicable, for multi-parcel properties (specifically, F
5. Contiguity Endorsement — where applicable, for multi-parcel properties (specifically, Fairfield Logistics Center I and Fairfield Logistics Center II in Fairburn, GA)
6. Tax Parcel Endorsement (ALTA 18 or 18.1) — confirming tax parcel identification
6. Tax Parcel Endorsement (ALTA 18 or 18.1) — confirming tax parcel identification
7. Same-as-Survey Endorsement — confirming legal description matches survey
7. Same-as-Survey Endorsement — confirming legal description matches survey
8. Non-Imputation Endorsement — reflecting entity-level transfer structure (see Section IV
8. Non-Imputation Endorsement — reflecting entity-level transfer structure (see Section IV below for additional detail)
9. Fairway/Eagle (or equivalent) Endorsement — addressing entity ownership change
9. Fairway/Eagle (or equivalent) Endorsement — addressing entity ownership change
10. Deletion of Creditors' Rights Exception (or modification thereof)
Standard
⚑ Commercial term
10. Deletion of Creditors' Rights Exception (or modification thereof) *B. Additional Property-Specific and State-Specific Endorsements:* - **Georgia (4 properties: Fairfield Logistics Center I — GMP Fairfield I LLC; Fairfield Logistics Center II — GMP Fairfield II LLC; Buckhead Place Office Tower — GMP Buckhead LLC; Peachtree Corners Logistics Center — GMP Peachtree LLC):** Georgia form endorsements as available; con
1. Confirmation of endorsement availability for each property by jurisdiction.
1. Confirmation of endorsement availability for each property by jurisdiction.
2. Updated pro forma owner's policies reflecting all endorsements and the negotiated permi
2. Updated pro forma owner's policies reflecting all endorsements and the negotiated permitted exceptions per PSA Exhibit P.
3. Confirmation of Schedule B-I requirement satisfaction status for each property.
3. Confirmation of Schedule B-I requirement satisfaction status for each property.
4. Confirmation of lender endorsement coordination status (including whether lender's coun
4. Confirmation of lender endorsement coordination status (including whether lender's counsel have submitted their requirements).
5. Final premium calculation confirmation against Commonwealth Title's applicable rate sch
Medium
⚑ Forum / governing law
5. Final premium calculation confirmation against Commonwealth Title's applicable rate schedules. All title deliverables will need to be finalized well in advance of the closing date to allow for review by the client and lender's counsel. We are happy to schedule a call with you, Virginia, and the Calderwood & Harkness team — including Grace Nakamura and Doug Fairchild — if it would be helpful to work through any ope