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real_property_engl

This document is a contract for the sale of real property between a Seller and a Purchaser. It outlines the terms of the sale, including the conveyance of the property, the responsibilities of the Seller regarding the deed, and the conditions under which the Purchaser must secure a mortgage loan. The agreement also includes contingencies and provisions for handling payments during the mortgage application process.

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ainoanorka
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2 views1 page

real_property_engl

This document is a contract for the sale of real property between a Seller and a Purchaser. It outlines the terms of the sale, including the conveyance of the property, the responsibilities of the Seller regarding the deed, and the conditions under which the Purchaser must secure a mortgage loan. The agreement also includes contingencies and provisions for handling payments during the mortgage application process.

Uploaded by

ainoanorka
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Carme_Bestué_ UAB

CONTRACT FOR THE SALE OF REAL PROPERTY

THIS AGREEMENT, made on the date hereinafter mentioned, by and between the
party or parties herein designated as Seller and the party or parties herein
designated as Purchaser WITNESSETH, as follows:

1. Seller hereby agrees to sell and convey and Purchaser hereby agrees to
purchase the premises herein described under all terms and conditions
stated herein.
2. Seller shall convey said premises to Purchaser by a bargain and sale deed
which shall include the covenant required by subdivision 5, Section 13 of the
Lien Law. The said deed shall be prepared, duly executed and acknowledged
by Seller and have transfer tax stamps in the proper amount affixed thereto,
all at Seller’s expense, so as to convey to Purchaser the fee simple of said
premises free and clear of all liens and encumbrances, except as herein
stated.
3. Seller shall convey said premises subject to all covenants, conditions,
restrictions and easements of record and zoning laws. Subject also to any
statement of facts which an inspection and/or an accurate survey of the
premises may show provided the same does not render tittle unmarketable.
Subject also to existing tenancies., if any, and to unpaid instalments of street
and improvement assessments payable after the date of transfer of title.
4. This agreement is contingent upon Purchaser securing a mortgage loan.
Purchaser agrees to make immediate application, through the office of the
Broker, for a mortgage loan in the amount of Dollars on what is commonly
known as a____ year plan with interest per annum mat the then prevailing
rate. Either party hereto reserves the right to void this agreement by five days’
written notice to the other party if the mortgage loan has not been arranged
by_____ Pending the disposition of said application, all moneys paid
hereunder shall be held in the trust account of Seller’s attorney to be paid to
Seller when mortgage contingency is met or waived, or returned to Purchaser
if this agreement is voided as herein provided.

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals
the day and year above written.

Purchaser Seller

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