Residential Purchase Agreement Template - Offer, Receipt And Acceptance (Page 4 of 5) in pdf

Property Address:

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MEGAN'S LAW Seller warrants that Seller has disclosed to Buyer all notices received pursuant to Ohio's

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sex offender law. The Buyer acknowledges that the information disclosed may no longer be accurate and

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agrees to inquire with the local sheriff's office. Buyer agrees to assume the responsibility to check with the local

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sheriff's office for additional information. Buyer will rely on Buyer's own inquiry with the local sheriff's office as

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to registered sex offenders in the area and will not rely on Seller or any real estate agent involved in the

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transaction to determine if a sex offender resides in the area of any property Buyer may purchase.

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CONDITION OF PROPERTY: Buyer has examined the property and agrees that the property is being purchased

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in its “As Is” Present Physical Condition including any defects disclosed by the Seller on the Ohio Residential

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Property Disclosure Form or identified by any inspections requested by either party or any other

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forms or addenda made a part of this agreement. Seller agrees to notify Buyer in writing of any additional

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disclosure items that arise between the date of acceptance and the date of recording of the deed. Buyer has not

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relied upon any representations, warranties, or statements about the property (including but not limited to its

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condition or use) unless otherwise disclosed on this agreement or on the Residential Property Disclosure Form.

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Buyer acknowledges receipt of completed Residential Property Disclosure Form from Seller

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Buyer has not received Residential Property Disclosure Form and Seller agrees to deliver to Buyer a copy

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of the completed Residential Property Disclosure Form within three (3) days after acceptance unless the

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sale of the property is exempt by Ohio Revised Code 5302.30 from the use of the form.

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Seller shall pay all costs for the repair of any gas line leak found between the street and foundation at the time of

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recording of title, or restoration of utilities, whichever is sooner. Seller agrees to comply with any and all local

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governmental point of sale laws and/or ordinances. Seller will promptly provide Buyer with copies of any notices

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received from governmental agencies to inspect or correct any current building code or health violations. If

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applicable, Buyer and Seller have five (5) days after receipt by Buyer of all notices to agree in writing which party

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will be responsible for the correction of any building code or health violation(s). If Buyer and Seller cannot agree

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in writing, this Agreement can be declared null and void by either party. In that event Seller and Buyer agree to sign

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a mutual release with instruction to the Broker on disbursement of the earnest money. (see line 196)

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REPRESENTATIONS AND DISCLAIMERS: Buyer acknowledges that the Seller completed the Residential

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Property Disclosure Form unless otherwise stated above and Seller has not made any representations or

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warranties, either expressed or implied, regarding the property, (except for the Ohio Residential Property

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Disclosure Form, if applicable), and agrees to hold the Brokers and their agents harmless from any misstatements

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or errors made by the Seller on the form. Buyer also acknowledges and agrees that the Brokers and their agents

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have no obligation to verify or investigate the information provided by the Seller on that form. Buyer hereby

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acknowledges that any representation by Seller or the real estate agent(s) regarding the square footage of the

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rooms, structures or lot dimensions, homeowner's fees, public and private assessments, utility bills, taxes and

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special assessments are approximate and not guaranteed. Please list any and all verbal representations made

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by Brokers or their agents that you relied upon when purchasing this property (if none, write “none” )

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DAMAGE: If any building or other improvements are destroyed or damaged in excess of ten percent of the

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purchase price prior to title transfer, Buyer may either a) accept the insurance proceeds for said damage and

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complete this transaction or b) terminate this agreement and receive the return of all deposits made. In that

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event, Seller and Buyer agree to sign a mutual release, with instruction to the Broker on disbursement of the

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earnest money on deposit (see line 196). If such damage is less than ten percent of the purchase price, Seller

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shall restore the property to its prior condition and Buyer agrees to complete the purchase of the Property

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ADDENDA: The additional terms and conditions in the attached addenda

Agency Disclosure Form

Residential

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Property Disclosure

FHA

FHA Home Inspection Notice

Secondary Offer

Condominium

Short

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Sale

House Sale Contingency

House Sale Concurrency

Lead Based Paint (required if built before 1978)

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Homeowner's Association

Affiliated Business Arrangement Disclosure Statement

Other

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are made part of this Agreement. The terms and conditions of any addenda will supersede any conflicting

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terms in the Purchase Agreement.

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ADDITIONAL TERMS:

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_____________ ____________

_____________ _____________

Page 4 of 5

BUYER'S INITIALS AND DATE

RESIDENTIAL PURCHASE AGREEMENT

SELLER'S INITIALS AND DATE

NEOHREX 03/10

Residential Purchase Agreement Template - Offer, Receipt And Acceptance Page 4

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