Asset Transfer Letter
Date: October 24, 2050
From:
[Your Name]
[Your Email]
To:
Johann Harvey
johann@you.mail
San Francisco, CA 94102
Dear Mr. Harvey,
This letter serves to document the transfer of ownership of the property located at 456 Bay Street, San Francisco, CA 94102. This transfer is made between [Your Name], the current owner (hereafter referred to as the “Seller”), and Johann Harvey, the buyer (hereafter referred to as the “Buyer”).
Property Description:
The property subject to this transfer consists of a residential structure situated at 456 Bay Street, San Francisco, CA 94102, along with any and all improvements, fixtures, and rights associated therewith.
Terms of Transfer:
The total purchase price for the property is $750,000, which has been agreed upon by both parties. The Buyer will provide the full amount at the time of closing, scheduled for November 30, 2050. Upon receipt of the purchase price, the Seller agrees to transfer the title of the property to the Buyer.
Representations and Warranties:
The Seller represents and warrants that they are the lawful owner of the property and have the right to sell it. The property will be transferred free from any liens or encumbrances, except those disclosed in the purchase agreement.
Closing Conditions:
The transfer of ownership is contingent upon the satisfactory completion of all inspections and any required approvals from relevant authorities. Both parties agree to cooperate in the closing process, including the execution of any necessary documents to effectuate the transfer.
This Asset Transfer Letter shall serve as a binding agreement between the Seller and Buyer and is enforceable in accordance with applicable laws in the State of California.
If you agree with the terms set forth in this letter, please sign and return a copy at your earliest convenience.
Thank you for your attention to this matter. I look forward to a smooth transaction.
Sincerely,
[Your Name]
[Your Email]
Acceptance of Terms:
I, Johann Harvey, hereby agree to the terms outlined in this Asset Transfer Letter.
Johann Harvey
Date: October 24, 2050
[Your Name]
Date: October 24, 2050
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