The Agreement For Selling Property is a crucial document used in real estate transactions across the United States. It serves as the primary contract governing the transfer of property ownership, incorporating federal requirements such as the Interstate Land Sales Full Disclosure Act and state-specific property laws. This agreement is essential when any real property is being sold, whether residential, commercial, or undeveloped land. It protects both parties by clearly stating the terms of sale, property condition, price, and closing requirements, while ensuring compliance with all applicable regulations.
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1. Parties: Identifies seller and buyer with full legal names and addresses
2. Background: Context of the sale and property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed legal description of the property including boundaries, fixtures, and fittings
5. Purchase Price: Amount and payment terms including deposit arrangements and payment schedule
6. Closing: Date, location, and requirements for completion of the sale
7. Representations and Warranties: Seller's statements about property condition and legal status
8. Title and Ownership: Provisions regarding transfer of title and proof of ownership
9. Default and Remedies: Consequences of breach by either party and available remedies
10. Governing Law: Jurisdiction and applicable laws governing the agreement
1. Financing Contingency: Provisions relating to buyer's obligation to obtain mortgage financing
2. Inspection Contingency: Terms regarding property inspection rights and resolution of issues
3. Tenant Rights: Provisions dealing with existing tenants and lease agreements
4. Property Management: Interim property management arrangements between contract and closing
5. Broker Provisions: Terms relating to real estate broker involvement and commissions
1. Schedule A - Property Inventory: Detailed list of fixtures, fittings, and items included in the sale
2. Schedule B - Property Disclosure Statement: Mandatory disclosures about property condition and known issues
3. Schedule C - Title Documents: Copies of current title documentation and certificates
4. Schedule D - Environmental Reports: Environmental assessments and related documentation
5. Schedule E - Survey Documents: Property surveys and related boundary documentation
Relevant legal definitions
Agreement
Applicable Laws
Appraisal
Business Day
Closing
Closing Date
Deed
Deposit
Effective Date
Encumbrances
Environmental Laws
Escrow Agent
Fixtures
Governmental Authority
Hazardous Materials
Improvements
Inspection Period
Land
Liens
Material Adverse Effect
Permitted Exceptions
Personal Property
Property
Property Documents
Purchase Price
Real Property
Seller's Knowledge
Survey
Title Company
Title Insurance
Title Policy
Transfer Taxes
Utilities
Warranties
Applicable Laws
Appraisal
Business Day
Closing
Closing Date
Deed
Deposit
Effective Date
Encumbrances
Environmental Laws
Escrow Agent
Fixtures
Governmental Authority
Hazardous Materials
Improvements
Inspection Period
Land
Liens
Material Adverse Effect
Permitted Exceptions
Personal Property
Property
Property Documents
Purchase Price
Real Property
Seller's Knowledge
Survey
Title Company
Title Insurance
Title Policy
Transfer Taxes
Utilities
Warranties
Clauses
Property Description
Purchase Price
Payment Terms
Deposit
Due Diligence
Title and Survey
Representations and Warranties
Seller Covenants
Buyer Covenants
Closing Conditions
Closing Procedures
Prorations and Adjustments
Default and Remedies
Risk of Loss
Broker Commission
Assignment
Notices
Survival
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Amendments
Counterparts
Property Access
Environmental Matters
Insurance
Indemnification
Confidentiality
Purchase Price
Payment Terms
Deposit
Due Diligence
Title and Survey
Representations and Warranties
Seller Covenants
Buyer Covenants
Closing Conditions
Closing Procedures
Prorations and Adjustments
Default and Remedies
Risk of Loss
Broker Commission
Assignment
Notices
Survival
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Amendments
Counterparts
Property Access
Environmental Matters
Insurance
Indemnification
Confidentiality
Relevant Industries
Relevant Teams
Relevant Roles
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