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REAL ESTATE PURCHASE AND SALES AGREEMENT
Buyer:
Seller:
Property Address(s)
Price:
Earnest Money: $_________ To be placed in escrow at ________________
RIGHT TO ASSIGN
This is an assignable contract. If assigned, all rights, responsibilities and
privileges under this agreement will be assigned and Buyer will be relieved of the
same.
PRORATIONS:
Real property taxes will be prorated based on the current year’s tax without
allowance for discounts or other exceptions. Any and all back taxes will be paid
at settlement from the Sellers proceeds.
CONVEYANCE:
Fee simple title to the property will be delivered to the buyer, or buyer’s assigns,
by a General or Special Warranty Deed free from any liens, restrictions,
encumbrances, easements, or encroachments not specifically referenced in this
contract.
PROPERTY DEFECTS:
Seller warrants the property to be free from hazardous substances and from any
violation of zoning, environmental, building, health or other government codes or
ordinances and that there are no known facts regarding this property that could
adversely affect its value.
NO JUDGEMENTS ON TITLE:
Seller warrants that there are no judgements threatening the equity in subject
property, and that there is no bankruptcy pending or contemplated by any title-
holder. Free and clear, insurable title will be conveyed upon settlement.
POSESSION:
Possession of the property and occupancy will be provided to the Buyer upon
settlement. If vacant, keys to the property will be given to the Buyer upon
execution of this contract.
Buyers Partners Approval:
This agreement is contingent upon partner’s inspection and partners approval of
subject property prior to settlement. The Seller agrees to provide access to the
subject property to the Buyers representatives, partners and contractors prior to
settlement. If accepted, the property will convey in as-is condition. If not
accepted, the Buyer will notify the Seller in writing.
SPECIAL PROVISIONS:
The property will be delivered in a reasonably clean manner and the
following items will convey with the sale
___________________________________________________________
SETTLEMENT:
Closing will take place on or before _______________. Time being of the
essence, at a time and place designated by Buyer. Buyer shall choose the
escrow, title and/or closing agent.
EXECUTION IN COUNTERPARTS. This agreement may be executed in
counterparts and by facsimile signatures. This agreement shall become effective
as of the date of the last signature.
Acceptance:
BUYER:___________________________
DATE:_____________________
SELLER:___________________________
DATE:_____________________
REAL ESTATE PURCHASE AND SALES AGREEMENT [Parachute]

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REAL ESTATE PURCHASE AND SALES AGREEMENT [Parachute]

  • 1. REAL ESTATE PURCHASE AND SALES AGREEMENT Buyer: Seller: Property Address(s) Price: Earnest Money: $_________ To be placed in escrow at ________________ RIGHT TO ASSIGN This is an assignable contract. If assigned, all rights, responsibilities and privileges under this agreement will be assigned and Buyer will be relieved of the same. PRORATIONS: Real property taxes will be prorated based on the current year’s tax without allowance for discounts or other exceptions. Any and all back taxes will be paid at settlement from the Sellers proceeds. CONVEYANCE: Fee simple title to the property will be delivered to the buyer, or buyer’s assigns, by a General or Special Warranty Deed free from any liens, restrictions, encumbrances, easements, or encroachments not specifically referenced in this contract. PROPERTY DEFECTS: Seller warrants the property to be free from hazardous substances and from any violation of zoning, environmental, building, health or other government codes or ordinances and that there are no known facts regarding this property that could adversely affect its value.
  • 2. NO JUDGEMENTS ON TITLE: Seller warrants that there are no judgements threatening the equity in subject property, and that there is no bankruptcy pending or contemplated by any title- holder. Free and clear, insurable title will be conveyed upon settlement. POSESSION: Possession of the property and occupancy will be provided to the Buyer upon settlement. If vacant, keys to the property will be given to the Buyer upon execution of this contract. Buyers Partners Approval: This agreement is contingent upon partner’s inspection and partners approval of subject property prior to settlement. The Seller agrees to provide access to the subject property to the Buyers representatives, partners and contractors prior to settlement. If accepted, the property will convey in as-is condition. If not accepted, the Buyer will notify the Seller in writing. SPECIAL PROVISIONS: The property will be delivered in a reasonably clean manner and the following items will convey with the sale ___________________________________________________________ SETTLEMENT: Closing will take place on or before _______________. Time being of the essence, at a time and place designated by Buyer. Buyer shall choose the escrow, title and/or closing agent. EXECUTION IN COUNTERPARTS. This agreement may be executed in counterparts and by facsimile signatures. This agreement shall become effective as of the date of the last signature. Acceptance: BUYER:___________________________ DATE:_____________________ SELLER:___________________________ DATE:_____________________