The Real Estate Contract to Sell serves as the primary document governing property sales transactions in the United States. This contract type is essential for documenting the agreed-upon terms between buyers and sellers, including purchase price, property details, contingencies, and closing requirements. It provides legal protection for all parties involved and ensures compliance with state and federal regulations. The document is particularly important as it creates a legally enforceable obligation and serves as the foundation for the entire real estate transaction process.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed legal description of the property being sold
5. Purchase Price: Amount and payment terms
6. Closing: Date, location, and requirements for closing
7. Representations and Warranties: Standard seller and buyer warranties
8. Default Provisions: Consequences of breach by either party
1. Financing Contingency: Terms and conditions related to buyer obtaining financing for the purchase
2. Inspection Contingency: Terms for property inspection process and buyer's rights based on inspection results
3. Sale Contingency: Conditions related to buyer needing to sell their existing property before completing purchase
4. Tenant Rights: Provisions dealing with existing tenant rights and obligations if property is currently leased
1. Property Survey: Official survey showing property boundaries and dimensions
2. Title Report: Current title search results showing ownership and encumbrances
3. Property Disclosure Statement: Seller's mandatory disclosure of property condition and known issues
4. Fixtures and Fittings List: Detailed inventory of items included and excluded from the sale
5. Environmental Reports: Environmental assessment reports and findings
6. HOA Documents: Homeowners Association rules, regulations, and financial documents
Relevant legal definitions
Agreement
Property
Purchase Price
Closing Date
Closing
Deed
Deposit
Due Diligence Period
Earnest Money
Effective Date
Encumbrances
Fixtures
Good and Marketable Title
Improvements
Inspection Period
Permitted Exceptions
Personal Property
Real Property
Settlement Statement
Title Company
Title Insurance
Title Report
Transfer Tax
Utilities
Zoning Laws
Environmental Laws
Business Day
Force Majeure
Material Adverse Change
Possession Date
Prorations
Seller's Disclosure Statement
Survey
Property
Purchase Price
Closing Date
Closing
Deed
Deposit
Due Diligence Period
Earnest Money
Effective Date
Encumbrances
Fixtures
Good and Marketable Title
Improvements
Inspection Period
Permitted Exceptions
Personal Property
Real Property
Settlement Statement
Title Company
Title Insurance
Title Report
Transfer Tax
Utilities
Zoning Laws
Environmental Laws
Business Day
Force Majeure
Material Adverse Change
Possession Date
Prorations
Seller's Disclosure Statement
Survey
Clauses
Property Description
Purchase Price
Payment Terms
Deposit
Title and Conveyance
Due Diligence
Property Inspection
Financing
Contingencies
Closing Conditions
Representations and Warranties
Property Condition
Default and Remedies
Risk of Loss
Property Access
Possession
Prorations and Adjustments
Title Insurance
Environmental Matters
Seller Disclosures
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Survival
Severability
Integration
Amendment
Counterparts
Purchase Price
Payment Terms
Deposit
Title and Conveyance
Due Diligence
Property Inspection
Financing
Contingencies
Closing Conditions
Representations and Warranties
Property Condition
Default and Remedies
Risk of Loss
Property Access
Possession
Prorations and Adjustments
Title Insurance
Environmental Matters
Seller Disclosures
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Survival
Severability
Integration
Amendment
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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