Wholesale Real Estate Contract
WHOLESALE REAL ESTATE CONTRACT
THIS CONTRACT is entered into this [Insert Date], by and between [Your Company Name], located at [Your Company Address] hereby referred to as "Buyer" and [Seller's Company Name] located at [Seller's Company Address] hereinafter referred to as "Seller."
1. PURCHASE AND SALE
The Seller has agreed to sell and the Buyer has agreed to buy the property located at [Address of the Property], as per the terms set forth herein. The Buyer agrees to pay a sum of [Purchase Price].
2. DUE DILIGENCE PERIOD
Once this Contract has been executed by both parties, the Buyer shall be granted a Due Diligence Period of [Time Frame] to inspect the property and to review all pertinent records and documents, at their own cost.
3. CLOSING DATE
Subject to the provisions of this Contract, the closing of the Purchase contemplated herein shall occur on or before the [Closing Date] at the offices of [Closing Agent].
4. TITLE DEED
The Seller shall supply the Buyer with a fully executed and notarized Title Deed to the Property on the Closing Date.
5. DEFAULT
In the event of a default by the Buyer, the Seller may elect to treat such default as a material breach and may terminate this Contract.
6. GOVERNING LAW
This Contract shall be governed by and construed by the law of the [Country].
7. ENTIRE AGREEMENT
This Agreement represents the entire agreement between the parties and supersedes all previous discussions, understandings, and agreements between the parties.
8. AMENDMENTS
This Contract may only be amended, supplemented, or modified by written agreement signed by both Parties.
9. ACKNOWLEDGMENT
Each party acknowledges that each has had the opportunity to consult with legal counsel and is fully aware of the terms and conditions contained herein.
[Your Company Name]
By: [Your Name]
Buyer
[Date]
[Seller's Company Name]
By: [Seller's Name]
Seller
[Date]
