What is a Seller Net Sheet?

This is an itemized tally of all the associated costs and expenses the seller will incur as a result of the transaction, set against the sum the buyer (or perspective buyer) is paying for the property. The net sheet is not a legal document. It is unofficial, with estimated numbers, functioning as a kind of a worksheet or income statement. The idea is to give the seller a sense of how much the stand to gain once the deal goes through.