This is not a substitute for legal advice. An attorney must be consulted. "This work is protected under the copyright laws of the United States. No reproduction, use, or disclosure of this work shall be permitted without the prior express written authorization of the copyright owner. Copyright © 1994 - 2015 by LAWCHEK, LTD." |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
The form above is an example of how a typical Real Estate Purchase Contract form may be completed.
The date the agreement is signed should be first noted.
The full name of the purchaser and the purchaser's spouse should be listed.
The address of the purchaser and purchaser's spouse.
The full name of the seller and the seller's spouse.
The address of the seller and seller's spouse.
The state in which the property is located.
Legal description of the property being purchased.
The total amount of the purchase price should be set forth.
The total amount of down payment should be recited.
The day the down payment is to be made should be noted.
The balance of the purchase price should be set forth.
The percent that is allowable by law should be set forth.
The day of each month on which the installment payment is due.
The day the first monthly payment is due.
The day of each month on which each payment is due.
The day of the final payment under the contract, exclusive of a balloon payment or balance remaining after the last payment.
A balloon payment or the amount due after all the monthly payments have been made, with appropriate reductions to the principal.
The taxes for which the seller agrees to be responsible should be included up through the date noted. The date shown is hypothetical.
The amount to which the seller has agreed to pay taxes.
Each state has various provisions that might change the language set forth in this document; therefore, an attorney should be consulted.
Often it is wise to fully disclose any encumbrances or liens, and if so, a recitation of the state law may be included.
Compliance with state law is important relative to any conveyance involving a deed or bill of sale.
Forfeiture or foreclosure may well vary between states; therefore, an attorney should be consulted.
A 30 day notice has been arbitrarily selected for the purpose of this sample contract.
The interest rate is set forth.
The date of possession is set forth.
The state of applicable law is set forth.
If any additional provisions are required, they should be set forth.
The location where the contract is signed should be set forth.
The date the contract is signed should be recited.
The name and address of the seller.
The name and address of the spouse of the seller.
The name and address of the buyer.
The name and address of the spouse of the buyer.
The state where the contract is signed before a notary. This may require two verifications if the sellers sign in one state and the buyers sign in another.
The county where the parties have signed the contract.
The date the contract was signed.
The parties who signed the contract before the notary.
The signature of the notary.
This is not a substitute for legal
advice. An
attorney must be consulted.
Copyright © 1994 - 2015 by LAWCHEK, LTD.
This is not a substitute for legal advice. An attorney must be consulted.
This site produced and powered by enlighten
technologies incorporated.
COPYRIGHT © 1994 - 2015 enlighten technologies incorporated