Fillable Agreement To Purchase Real Estate Template (Page 2 of 3) in pdf

SAMPLE (continued)

3. Real Estate Taxes, Assessments, and Adjustments

Real Estate Taxes accrued against the property shall be prorated through the date of closing the sale and Seller

shall pay all taxes allocated to the property through that date of acceptance of this offer to purchase. Rents, if any,

shall be prorated through the date of closing and all rent deposits shall be transferred to Purchaser. Existing

casualty insurance shall be canceled/prorated through the date of closing.

4. Title to the Property

Seller shall provide purchaser prior to the closing and promptly after the acceptance of this offer, at Seller’s

expense and at Seller’s option an abstract of title to the property brought down to date or an owner’s policy of title

insurance in an amount equal to the purchase price, said abstract of policy to show marketable or insurable title to

the real estate in the name of Seller subject only to easements, zoning and restrictions of record and free and clear

of all other liens and encumbrances except as stated in this offer. If the abstract or title policy fails to show

marketable or insurable title in Seller a reasonable time shall be permitted to cure or correct defects. Seller shall

convey title to Purchaser at the time of closing by a good and sufficient general warranty deed free and clear of all

liens and encumbrances except as otherwise provided in this offer and subject to easements, zoning and

restrictions of record.

5. Possession of the Property

Purchaser shall be given possession of the property on _______________, 20____. A failure on the part of Seller

to transfer possession as specified will not make Seller a tenant of Purchaser, but in such event Seller shall pay to

Purchaser $____________________per day as damages for breach of contract and not as rent. All other

remedies, which Purchaser may have under law, are reserved to Purchaser.

6. Risk of Loss

The risk of loss by destruction or damage to the property by fire or otherwise prior to the closing of the sale is that

of Seller. If all or a substantial portion of the improvements on the property are destroyed or damaged prior to the

closing and transfer of title this agreement shall be void able at Purchaser’s option and in the event Purchaser

elects to avoid this agreement the earnest money deposited shall be promptly refunded.

7. Improvements and Fixtures Included

This offer to purchase includes all improvements, buildings and fixtures presently on the real estate including but

not limited to electrical, gas, heating, air conditioning, plumbing equipment, built-in appliances, hot water heaters,

screens, storm windows, doors, Venetian blinds, drapery hardware, awnings, attached carpeting, radio, television

antennas, trees, shrubs, flowers, fences and

__________________________________________________________________________________

8. General Conditions

It is expressly agreed that this agreement to purchase real estate includes the entire agreement of Purchaser and

Seller. This agreement shall be binding upon the heirs, personal representatives, successors and assigns of both

Purchaser and Seller. This agreement shall be interpreted and enforced in accordance with the laws of the State

of______________________________.

Agreement To Purchase Real Estate Template Page 2