Offer To Purchase Real Estate printable pdf download

OFFER TO PURCHASE REAL ESTATE

(45, 49, and 51 Trenton Street)

Thomas S. Hemmendinger, Esq. (“Receiver”)

To:

Permanent Receiver of Providence Community Action Program, Inc.

Brennan, Recupero, Cascione, Scungio & McAllister, LLP

362 Broadway

Providence, RI 02909

Tel. (401) 453-2300

Fax (401) 453-2345

The undersigned (“Purchaser”) hereby offers to purchase from the Receiver, on the terms and

conditions set forth herein (the “Offer”), that certain lot or parcel of real estate, commonly

known as 45, 49, and 51 Trenton Street, Providence, Rhode Island, with all buildings and

improvements thereon, and more particularly described in Exhibit A (the “Parcel”):

1. Purchase Price. The Purchase Price shall be

_______________________________________________ Dollars ($____________), payable as

follows:

(a) a deposit in the aggregate amount of $10,000.00 (the “Deposit”); and

(b) the balance of the Purchase Price shall be paid at the Closing by certified check, bank

cashier’s check or wire transfer.

2. Closing. The Closing shall take place at the Receiver’s office set forth above at 10:00 a.m. on

) business day after the Superior Court (the “Court”) approves this Offer (the

the tenth (10

“Closing Date”), or at such other time as the Purchaser and the Receiver shall agree. At the

Closing, and in exchange for the Purchase Price, the Receiver agrees to sell and convey the

Parcel to the Purchaser by a good and sufficient receiver’s deed, free and clear of all liens and

encumbrances, which shall attach to the proceeds of sale in accordance with their respective

priorities. The conveyance of the Parcel nevertheless shall be subject to:

(a) restrictions, covenants, agreements and easements of record, including any regulatory

agreements, use agreements, or use restrictions (but not mortgages of record);

(b) applicable environmental, zoning, building code, housing code, fire, health and other

federal, state and municipal laws, rules and regulations, and any violations thereof; and

year, and rents, as provided in Section 4 hereof.

3. Court Approval. The Receiver’s obligations hereunder are subject to approval by the Court.

The Receiver agrees to promptly seek Court approval. The Purchaser understands that the

Rev: 1/6/14

Offer To Purchase Real Estate