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1. Parties: Identifies all parties to the agreement, including the seller and the buyer (wholesaler), with complete legal names and addresses
2. Background: Outlines the context of the agreement, including the seller's ownership of the property and the buyer's intention to purchase with right to assign
3. Definitions: Defines key terms used throughout the agreement, including Property, Purchase Price, Earnest Money, Assignment, and End Buyer
4. Property Description: Detailed description of the property including legal description, address, and any included/excluded items
5. Purchase Price and Payment Terms: Specifies the agreed purchase price, earnest money requirements, and payment structure
6. Assignment Rights: Details the buyer's right to assign the contract, including any conditions or limitations on assignment
7. Due Diligence Period: Specifies the timeframe and terms for property inspection and due diligence activities
8. Closing and Settlement: Details the closing process, including timing, location, and required deliverables
9. Representations and Warranties: States the representations and warranties made by both parties regarding the property and transaction
10. Default and Remedies: Outlines what constitutes default and the available remedies for each party
11. Risk and Insurance: Addresses responsibility for property risk and insurance requirements during the contract period
12. Notices: Specifies how and where official notices between parties should be delivered
13. Governing Law: Establishes the jurisdiction and applicable laws governing the agreement
14. General Provisions: Contains standard contract provisions including entire agreement, amendments, and severability
1. Financing Contingency: To be included when the purchase is contingent on the end buyer obtaining financing
2. Property Management: Required if the property is tenant-occupied and needs provisions for managing tenants during the contract period
3. Environmental Matters: Necessary for properties with potential environmental concerns or when special environmental investigations are required
4. Construction/Renovation Requirements: Include when the property requires specific repairs or renovations before closing
5. Multiple Party Provisions: Required when there are multiple sellers or buyers involved in the transaction
6. 1031 Exchange Provisions: Include if either party intends to structure the transaction as part of a 1031 exchange
7. Seller Financing: Include when the seller is providing financing for part of the purchase price
8. Special Conditions: For any unique requirements or conditions specific to the transaction
1. Schedule A - Property Description: Detailed legal description of the property and included fixtures/items
2. Schedule B - Due Diligence Documents: List of required documents to be provided by seller during due diligence
3. Schedule C - Permitted Exceptions: List of accepted title exceptions and encumbrances
4. Schedule D - Required Repairs: Itemized list of repairs or improvements required before closing
5. Appendix 1 - Assignment Agreement Form: Template for the assignment agreement to be used with end buyer
6. Appendix 2 - Property Disclosure Statement: Seller's disclosures regarding property condition and known issues
7. Appendix 3 - Proof of Funds Form: Template for documenting proof of funds from potential end buyers
8. Appendix 4 - Due Diligence Checklist: Comprehensive checklist of due diligence items to be completed
Assignment
Assignment Fee
Business Day
Closing
Closing Date
Consideration
Contract Period
Deed
Default
Deposit
Due Diligence
Due Diligence Period
Earnest Money
Effective Date
End Buyer
Encumbrances
Environmental Laws
Escrow Agent
Fixtures
Force Majeure
Good Faith
Improvements
Inspection Period
Land
Legal Description
Lien
Material Defect
Notice
Parties
Permitted Assignee
Personal Property
Property
Purchase Price
Real Estate Records
Real Property
Seller
Settlement Statement
Survey
Title
Title Company
Title Insurance
Title Report
Transaction
Wholesaler
Zoning Laws
Purchase Price
Payment Terms
Assignment Rights
Due Diligence
Title and Survey
Representations and Warranties
Covenants
Conditions Precedent
Closing Conditions
Earnest Money
Default and Remedies
Risk of Loss
Property Access
Environmental Matters
Insurance
Assignment and Delegation
Notices
Indemnification
Force Majeure
Governing Law
Dispute Resolution
Amendments
Severability
Entire Agreement
Time of Essence
Further Assurances
Counterparts
Confidentiality
Property Condition
Broker Relationships
Recording Rights
Termination Rights
Survival
Authorization
Assignment Fee
Disclosure Requirements
Property Inspection
Escrow Terms
Title Insurance
Closing Costs
Real Estate
Property Development
Construction
Legal Services
Investment Management
Property Management
Commercial Real Estate
Residential Real Estate
Real Estate Investment
Legal
Real Estate
Acquisitions
Investment
Compliance
Risk Management
Property Management
Asset Management
Contract Administration
Due Diligence
Real Estate Investor
Property Developer
Real Estate Attorney
Contract Manager
Real Estate Agent
Investment Manager
Acquisition Manager
Real Estate Broker
Legal Counsel
Property Manager
Investment Analyst
Real Estate Portfolio Manager
Compliance Officer
Transaction Coordinator
Asset Manager
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