Property Sale Contract
Property Sale Contract
This Property Sale Contract ("Contract") is entered into by and between [Your Name], located at [Seller's Address], starting now referred to as the "Seller", and [Buyer's Name], located at [Buyer's Address], starting now referred to as the "Buyer", collectively referred to as the "Parties", on August 15, 2050.
WHEREAS, the Seller is the lawful owner of the property described herein; and WHEREAS, the Buyer wishes to purchase said property from the Seller; NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are as a result of this acknowledged, the parties agree as follows:
1. Property Description
The Seller agrees to sell and the Buyer agrees to buy the property located at [Property Address], as legally described in Exhibit A attached hereto (the "Property").
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The Property includes all fixtures, fittings, and improvements attached to the land.
2. Purchase Price
The purchase price for the Property is [Purchase Price] payable upon the closing date.
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The Purchase Price includes any applicable taxes or fees.
3. Closing Date
The closing date of this Contract is set for [Closing Date] or on another mutually agreed date between the Parties.
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The closing shall occur at a time and place agreed upon by both Parties.
4. Contingencies
Contingencies for this sale include, but are not limited to:
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The Buyer's ability to secure financing.
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Satisfactory results of inspections and appraisals.
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The Seller's ability to deliver a clear title.
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The Buyer's financing contingency shall be fulfilled within 30 days from the date of this Contract.
5. Representations
Both Parties represent and warrant that they are legally able to enter into this Contract and that this Contract constitutes a legally enforceable agreement, binding each Party respectively.
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The Seller represents that there are no undisclosed material defects affecting the Property.
6. Governing Law
This Contract shall be governed by and construed in accordance with the laws of the state where the Property is located.
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Any disputes arising from this Contract shall be resolved through mediation before resorting to litigation.
In witness whereof, and acknowledging the terms set forth herein, the Parties have fully reviewed and voluntarily executed this Property Sale Contract as of the date first above written.
[Your Name]
[DATE SIGNED]
[Buyer's Name]
[DATE SIGNED]
