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1. Parties: Identification of the seller (vendor) and buyer (purchaser), including full legal names and addresses
2. Background: Context of the transaction, including brief property description and parties' intention to enter into owner-financing arrangement
3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Principal Amount, Interest Rate, and Payment Terms
4. Purchase and Sale: Core agreement to purchase and sell the property, including the total purchase price and deposit details
5. Financing Terms: Detailed terms of the owner financing, including principal amount, interest rate, payment schedule, and amortization period
6. Security Arrangements: Description of security interests, including mortgage or charge on the property
7. Title and Property Transfer: Provisions regarding property title, transfer process, and registration requirements
8. Representations and Warranties: Standard representations by both parties regarding authority, title, and property condition
9. Payment Terms and Conditions: Detailed payment obligations, including method of payment, due dates, and prepayment provisions
10. Default and Remedies: Consequences of default and available remedies for both parties
11. Insurance and Property Maintenance: Requirements for property insurance and maintenance during the financing period
12. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution
1. Property Management: Required when the property includes rental units or requires specific management arrangements during the financing period
2. Environmental Matters: Necessary for properties with potential environmental concerns or specific environmental requirements
3. Assignment and Transfer: Include when parties want to specifically address the ability to assign or transfer rights under the agreement
4. Tax Matters: Required when there are specific tax considerations or arrangements between the parties
5. Property Development: Necessary when the buyer plans to develop or significantly modify the property during the financing period
6. Co-owner Provisions: Required when multiple buyers are involved in the purchase
7. Guarantees: Include when additional parties are providing guarantees for the buyer's obligations
1. Schedule A - Property Description: Detailed legal description of the property and included fixtures/chattels
2. Schedule B - Payment Schedule: Detailed amortization schedule showing payment dates, amounts, and principal/interest breakdown
3. Schedule C - Property Condition Report: Detailed description of property condition at time of sale
4. Schedule D - Title Encumbrances: List of existing encumbrances, easements, or restrictions on title
5. Schedule E - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts
6. Appendix 1 - Property Documents: List of all property-related documents provided to the buyer
7. Appendix 2 - Form of Security Documents: Templates or copies of mortgage/charge documentation
Amortization Period
Applicable Laws
Appraisal
Business Day
Closing
Closing Date
Default
Default Rate
Deposit
Due Date
Effective Date
Encumbrances
Event of Default
First Payment Date
Fixtures
Good Standing
Improvements
Insurance Requirements
Interest Rate
Land
Land Registry Office
Maturity Date
Mortgage
Notice
Outstanding Balance
Parties
Payment Schedule
Permitted Encumbrances
Principal Amount
Property
Property Documents
Purchase Price
Purchaser
Regular Payment
Security Interest
Taxes
Term
Title
Transfer Documents
Vendor
Purchase Price
Payment Terms
Interest Rate
Security Interest
Title Transfer
Property Condition
Insurance Requirements
Default and Remedies
Representations and Warranties
Property Maintenance
Assignment
Registration
Taxes and Expenses
Risk Transfer
Force Majeure
Notice Requirements
Amendment and Modification
Severability
Governing Law
Dispute Resolution
Survival
Further Assurances
Entire Agreement
Due Diligence
Property Inspection
Environmental Compliance
Indemnification
Termination Rights
Construction and Interpretation
Real Estate
Property Development
Construction
Financial Services
Legal Services
Property Management
Commercial Property
Residential Property
Agriculture (for farm properties)
Retail (for commercial properties)
Legal
Real Estate
Finance
Risk Management
Property Management
Business Development
Commercial Operations
Investment
Compliance
Asset Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Commercial Property Director
Finance Manager
Legal Counsel
Contract Administrator
Property Developer
Risk Manager
Mortgage Specialist
Real Estate Investment Manager
Chief Financial Officer
Business Development Manager
Asset Manager
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