FIRPTA Certificate (Commercial Real Estate Purchase and Sale) | Practical Law

FIRPTA Certificate (Commercial Real Estate Purchase and Sale) | Practical Law

A Standard Document delivered by the seller in a real property transaction to inform the purchaser, and the purchaser's lender, that the seller is not a foreign (non-US) individual or entity and therefore not subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). If the seller is a foreign entity subject to FIRPTA, the purchaser must withhold a portion of the purchase price. This Standard Document has integrated notes with explanatory and drafting tips.

FIRPTA Certificate (Commercial Real Estate Purchase and Sale)

Practical Law Standard Document 2-522-3457 (Approx. 11 pages)

FIRPTA Certificate (Commercial Real Estate Purchase and Sale)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Standard Document delivered by the seller in a real property transaction to inform the purchaser, and the purchaser's lender, that the seller is not a foreign (non-US) individual or entity and therefore not subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). If the seller is a foreign entity subject to FIRPTA, the purchaser must withhold a portion of the purchase price. This Standard Document has integrated notes with explanatory and drafting tips.