The Registered Agreement For Sale Of Property is a fundamental legal document used in United States real estate transactions to formalize and document the transfer of property ownership from seller to purchaser. This agreement is essential when any real property is being sold, whether residential, commercial, or industrial, and must be properly registered with relevant state authorities. The document includes comprehensive details about the property, parties involved, purchase price, settlement terms, and conditions of sale. It incorporates necessary legal provisions to comply with both federal regulations and state-specific requirements, including property disclosure laws, fair housing regulations, and recording requirements. The agreement serves as the primary evidence of the transaction terms and is crucial for protecting all parties' interests, facilitating property registration, and ensuring a legally valid transfer of ownership.
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1. Parties: Identifies and provides full legal details of the seller and purchaser
2. Background: Outlines the context of the agreement, including the seller's ownership and intention to sell
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed legal description of the property being sold, including address and title particulars
5. Purchase Price: Specifies the agreed purchase price and payment terms, including deposit requirements
6. Settlement: Details of the settlement process, timing, and requirements
7. Title and Transfer: Provisions regarding transfer of title and associated obligations
8. Seller's Warranties: Warranties provided by the seller regarding the property's condition and title
9. Purchaser's Warranties: Warranties provided by the purchaser regarding capacity to purchase and finance
10. Property Condition: Current condition of the property and any agreed repairs or modifications
11. Risk and Insurance: Allocation of risk and insurance requirements until settlement
12. Default and Termination: Consequences of default and circumstances for termination
13. Notices: Requirements for giving formal notices under the agreement
14. General Provisions: Standard legal provisions including governing law and interpretation
15. Execution: Formal signing requirements and execution clauses
1. Finance Condition: Details of any finance conditions and deadlines - include when purchaser requires financing
2. Building and Pest Inspection: Conditions relating to building and pest inspections - include when these are required by purchaser
3. Tenancy Details: Information about existing tenancies - include when property is sold with tenants in place
4. Special Conditions: Any unique conditions specific to the transaction - include when there are non-standard requirements
5. Foreign Investment Approval: Requirements for foreign investment approval - include when purchaser is a foreign person
6. GST Provisions: Detailed GST treatment - include when transaction is subject to GST
7. Development Conditions: Conditions relating to future development - include when property is bought for development purposes
1. Property Schedule: Detailed description of land, improvements, and included fixtures and fittings
2. Title Documents: Copies of title documents and registered encumbrances
3. Disclosure Statement: Statutory property disclosures required by state law
4. Due Diligence Results: Results of searches and inspections conducted
5. Tenant Schedule: Details of existing tenancies and lease agreements
6. Special Conditions Schedule: Detailed special conditions and their requirements
7. Settlement Adjustments: Calculations for rates, taxes, and other adjustments at settlement
Relevant legal definitions
Agreement
Business Day
Closing
Closing Date
Contract Date
Deed
Deposit
Earnest Money
Effective Date
Encumbrances
Fixtures
Good and Marketable Title
Improvements
Land
Law
Lender
Mortgage
Notice
Parties
Permitted Encumbrances
Property
Purchase Price
Purchaser
Registration
Seller
Settlement
Settlement Date
Settlement Statement
Title
Title Company
Title Insurance
Title Search
Transfer Documents
Vacant Possession
Warranties
Business Day
Closing
Closing Date
Contract Date
Deed
Deposit
Earnest Money
Effective Date
Encumbrances
Fixtures
Good and Marketable Title
Improvements
Land
Law
Lender
Mortgage
Notice
Parties
Permitted Encumbrances
Property
Purchase Price
Purchaser
Registration
Seller
Settlement
Settlement Date
Settlement Statement
Title
Title Company
Title Insurance
Title Search
Transfer Documents
Vacant Possession
Warranties
Clauses
Property Description
Purchase Price
Payment Terms
Title Transfer
Warranties and Representations
Condition Precedent
Due Diligence
Settlement
Risk and Insurance
Default and Remedies
Property Inspection
Environmental Compliance
Vacant Possession
Adjustments
Registration
Conveyancing
Notices
Force Majeure
Assignment
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Further Assurance
Time of Essence
Costs and Expenses
Survival
Indemnification
Confidentiality
Purchase Price
Payment Terms
Title Transfer
Warranties and Representations
Condition Precedent
Due Diligence
Settlement
Risk and Insurance
Default and Remedies
Property Inspection
Environmental Compliance
Vacant Possession
Adjustments
Registration
Conveyancing
Notices
Force Majeure
Assignment
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Further Assurance
Time of Essence
Costs and Expenses
Survival
Indemnification
Confidentiality
Relevant Industries
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Insurance
Property Management
Investment and Asset Management
Urban Planning
Commercial Property
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Risk Management
Operations
Finance
Investment
Business Development
Document Control
Relevant Roles
Real Estate Attorney
Property Lawyer
Real Estate Agent
Property Manager
Title Officer
Escrow Officer
Real Estate Broker
Compliance Officer
Legal Counsel
Contract Administrator
Property Developer
Investment Manager
Real Estate Paralegal
Settlement Agent
Transaction Coordinator
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