Attorney Review Period
The attorney review period is the customary window in New York practice during which attorneys negotiate and finalize the contract of sale language after deal terms have been agreed in principle. During this phase, parties often treat an "accepted offer" as non-binding until a fully executed contract is delivered.
- Where it applies
- New York State
- When it comes up
- Contract
- Property types
- Residential Sales
Read more in the Knowledge Base
- Attorney Speed and Deal CertaintySellers
- Pre-Listing Leverage EngineeringSellers
- The 72-Hour Diligence Sprint - Accelerating Attorney Review in NYSBuyers
- Contingency Risk ModelingSellers
- Seller-Side Due Diligence PackagingSellers
Related terms
Residential Sales Terms
- Agency Disclosure
- Appraisal
- Best and Final Offer
- Earnest Money Deposit
- Mortgage Contingency
- Offer (Purchase Offer)
- Property Condition Disclosure Statement
- Transfer Taxes (NYS RETT, Mansion Tax, NYC RPTT)
General information, not legal, tax or financial advice.