Contract For The Sale And Purchase Of Real Estate Developed Condominium Unit
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4CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE
DEVELOPED CONDOMINIUM UNIT
In consideration of the mutual promises contained herein, the undersigned Seller agrees
to sell, to the undersigned Buyer, who agrees to buy, the herein described property on the terms
and conditions stated below.
1.
PROPERTY DESCRIPTION: Condominium Unit # _______ and improvements
attached to said unit except the following:
_______________________________________________________________________
2.
PRICE:
The
purchase
price
of
the
property
is
___________________________________ ($_________________) dollars payable as
follows:
(a)
Earnest Money deposit $________________
(b)
Balance due at closing $_________________
SALE IS/IS NOT CONTINGENT ON FINANCING. If contingent on financing, Buyer
agrees to use reasonable diligence to obtain said financing.
Buyer is/is not assuming indebtedness of Seller to _____________________ in the
amount of __________________ to be applied to the purchase price.
3.
CLOSING COSTS: Seller will pay for the preparation of the Deed of Conveyance and
other closing closes up to ________________. Buyer will pay all other closing costs.
4.
DEPOSIT: Buyer has deposited with Seller the sum of $____________ cash/check as
earnest money. The same is to be applied to the cash down payment on closing of this
transaction.
5.
(a)
CLOSING DATE: _________________________________________________
(b)
POSSESSION DATE: ______________________________________________
6.
CONVEY TITLE TO ____________________________________________________
7.
INSURANCE: Insurance is the responsibility of Buyer at closing.
8.
PRORATION:
(a)
Property taxes shall be prorated at closing.
(b)
Fees and assessments shall be prorated at closing.
9.
SPECIAL PROVISIONS:
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