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- [Narrator] The foundation of a commercial property deal can have pitfalls. To keep the buyer and seller grounded even in an as-is transaction, there needs to be an agreement, covering the time before a property officially changes hands. - There are certain seller representations and warranties that a buyer will expect to receive and which a seller should be willing to provide. - [Narrator] The expected representations and warranties are broken down between the corporate entity selling the property and the property itself. You can docHubly cover your bases by focusing on these nine points. First, you wanna make sure the seller is authorized to sell the asset. - The seller entity has been properly formed, continues to be properly run and has all the necessary internal and external authorizations required to enter into the purchase agreement. - [Narrator] Next are representations about bankruptcy. If a seller were in bankruptcy, the validity and enforceability of the purchase agree